TORONTO, March 19, 2026 (GLOBE NEWSWIRE) — (TSX: CGX) – Cineplex Inc. (“Cineplex” or the “Company”), Canada’s main leisure and media corporate, as of late introduced the primary modification to its Financial institution Credit score Settlement which extends the adulthood date from March 4, 2027 to both September 18, 2028 (if current 7.625% senior secured notes due March 31, 2029 have no longer been repaid, redeemed or refinanced in complete) or March 18, 2029 (the “Bank Credit Agreement”). The modification additionally supplies for the alternative of positive benchmark reference charges (from “Adjusted Term SOFR” to “Term SOFR”) and offers further flexibility with appreciate to accredited distributions and debt repayments, prepayments or redemptions in reference to belongings gross sales matter to positive current restrictions below Cineplex’s debt agreements. A replica of this modification will probably be filed below the Corporate’s profile on SEDAR+.
The Financial institution Credit score Settlement continues as a $100 million “covenant-lite” revolving credit score facility. The Financial institution Credit score Settlement does no longer include monetary repairs covenants, until borrowings below the settlement (together with letters of credit score) exceed 40% of the entire credit score facility. As at December 31, 2025, there have been no quantities drawn below the credit score facility and $7.7 million reserved within the type of letters of credit score.
“We are pleased with the ongoing support of our lending group with this extension and the continuation of the ‘covenant-lite’ structure,” mentioned Ellis Jacob, President & CEO. “This continues to provide us with flexibility and a strong liquidity profile.”
About Cineplex
Cineplex (TSX:CGX) is a top-tier Canadian logo that operates within the Movie Leisure and Content material, Amusement and Recreational, and Media sectors. Cineplex gives a novel get away from the on a regular basis to tens of millions of visitors via its circuit of 170 film theatres and location-based leisure venues. Along with being Canada’s biggest and maximum cutting edge movie exhibitor, the corporate operates Canada’s favorite vacation spot for ‘Eats & Entertainment’ (The Rec Room), complexes specifically designed for teenagers and households (Playdium), and an leisure idea that brings motion pictures, amusement gaming, eating, and reside performances in combination below one roof (Cineplex Junxion). It additionally operates a hit companies in cinema media (Cineplex Media), choice programming (Cineplex Occasions) and movement image distribution (Cineplex Photos). Offering much more worth for its visitors, Cineplex is a spouse in Scene+, Canada’s biggest leisure and way of life loyalty program.
Proudly identified as having one of the vital nation’s Maximum Admired Company Cultures, Cineplex employs over 10,000 other folks in its workplaces and venues throughout Canada. To be told extra, seek advice from Cineplex.com.
Warning Referring to Ahead-Having a look Statements
Through their very nature, forward-looking statements contain inherent dangers and uncertainties, together with the ones described in Cineplex’s annual data shape for the yr ended December 31, 2024 (“AIF”) and the control’s dialogue and research for the yr ended December 31, 2025 (“MD&A”). The ones dangers and uncertainties, each common and explicit, give upward push to the chance that predictions, forecasts, projections and different forward-looking statements may not be accomplished. Sure subject matter elements or assumptions are implemented in making forward-looking statements and exact effects might vary materially from the ones expressed or implied in such statements. Cineplex cautions readers to not position undue reliance on those statements, as quite a lot of necessary elements, lots of which might be past Cineplex’s regulate, may just motive exact effects to vary materially from the ideals, plans, goals, expectancies, anticipations, estimates and intentions expressed in such forward-looking statements. Those elements come with, however don’t seem to be restricted to, the phrases of the Financial institution Credit score Settlement (as amended and prolonged), the combination borrowings (if any), once in a while, below the “covenant-lite” credit score facility, and the usage of borrowings (if any), once in a while, below the “covenant-lite” credit score facility.
The foregoing elements that can impact long run effects isn’t exhaustive. When reviewing Cineplex’s forward-looking statements, readers must in moderation believe the foregoing elements and different uncertainties and attainable occasions. Further details about elements that can motive exact effects to vary materially from expectancies and about subject matter elements or assumptions implemented in making forward-looking statements is also discovered within the “Risks and Uncertainties” phase of Cineplex’s AIF and MD&A.
