https://www.reuters.com/business/media-telecom/cineworld-emerges-chapter-11-bankruptcy-2023-08-01/#:~:text=Aug%201%20(Reuters)%20%2D%20Cineworld,slate%20of%20management%20and%20board. De Brauw advised Cineworld, the world's second largest cinema chain, on a USD 4.8 billion debt restructuring transaction spanning all continents. Cineworld filed for Chapter 11 for its US and UK businesses on 7 September 2022. A third division, commonly known as the Rest of the World, is based in the Netherlands and has a separate financing structure. This Dutch group did not file for Chapter 11 but entered into a USD 271 million debt trade, whereby newly-incorporated Cineworld entity Busby purchased the facilities from the existing lenders. On 1 August 2023, Cineworld emerged from the Chapter 11 proceedings and the facilities agreement with Busby was amended to reflect that the facilities will function as an intra-group loan going forward.https://www.reuters.com/business/media-telecom/cineworld-emerges-chapter-11-bankruptcy-2023-08-01/#:~:text=Aug%201%20(Reuters)%20%2D%20Cineworld,slate%20of%20management%20and%20board.