trending Market Intelligence /marketintelligence/en/news-insights/trending/zvbCW9xG2GEXcUk-O-6ppw2 content esgSubNav
In This List

S&P puts Regal Entertainment on CreditWatch Negative on Cineworld deal

Podcast

Next in Tech | Episode 167: FinOps And Battle For Cloud Costs

Podcast

MediaTalk | Season 2
Ep. 12 - Broadband's Growth Outlook as Subsidy Program Ends and Fiber Expands

Podcast

MediaTalk | Season 2
Ep. 13 - Who Is Investing In The Metaverse And Why

Podcast

Next in Tech | Episode 166: The NAB Show And The Broadcast Market


S&P puts Regal Entertainment on CreditWatch Negative on Cineworld deal

S&P Global Ratings on Dec. 6 placed its ratings, including the BB- corporate credit rating, on Regal Entertainment Group and unit Regal Cinemas Corp. on CreditWatch with negative implications.

The CreditWatch placement follows the announcement that the U.K. movie chain Cineworld Group plc struck an agreement to buy U.S.-based motion picture exhibitor Regal Entertainment Group for a total transaction value of $5.9 billion, including debt and net of cash.

S&P thinks the merger could cause the combined company's leverage to increase above the agency's current downgrade threshold of 4.5x for Regal.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.