TORONTO, Feb. 9, 2024 /CNW/ - (TSX: CGX) – Cineplex Inc. ("Cineplex" or the "Company") announced today that additional holders of its outstanding 5.75% convertible unsecured subordinated debentures due September 30, 2025 (the "Convertible Debentures") have signed consent agreements with Cineplex, bringing the level of support to 69.1% of the outstanding Convertible Debentures. Pursuant to the consent agreements, such holders have committed to support the proposed amendments to the terms of the Convertible Debentures described in Cineplex's press release dated February 8, 2024 (the "Convertible Debenture Amendments"). Accordingly, Cineplex has now received written support from holders of more than the 66 2/3% of its outstanding Convertible Debentures required to approve the Convertible Debenture Amendments.
Read more at newswire.caCineplex Receives Increased Support from Holders of its Convertible Debentures for Proposed Amendments
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