TORONTO, March 19, 2026 (GLOBE NEWSWIRE) — (TSX: CGX) – Cineplex Inc. (“Cineplex” or the “Company”), Canada’s main leisure and media firm, in the present day introduced the primary modification to its Financial institution Credit score Settlement which extends the maturity date from March 4, 2027 to both September 18, 2028 (if current 7.625% senior secured notes due March 31, 2029 haven’t been repaid, redeemed or refinanced in full) or March 18, 2029 (the “Bank Credit Agreement”). The modification additionally supplies for the alternative of sure benchmark reference charges (from “Adjusted Term SOFR” to “Term SOFR”) and supplies further flexibility with respect to permitted distributions and debt repayments, prepayments or redemptions in reference to property gross sales topic to sure current restrictions beneath Cineplex’s debt agreements. A duplicate of this modification can be filed beneath the Firm’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 doesn’t comprise monetary upkeep covenants, until borrowings beneath the settlement (together with letters of credit score) exceed 40% of the whole credit score facility. As at December 31, 2025, there have been no quantities drawn beneath 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 model that operates within the Movie Leisure and Content material, Amusement and Leisure, and Media sectors. Cineplex provides a novel escape from the on a regular basis to tens of millions of friends by its circuit of 170 film theatres and location-based leisure venues. Along with being Canada’s largest and most progressive 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 films, amusement gaming, eating, and dwell performances collectively beneath one roof (Cineplex Junxion). It additionally operates profitable companies in cinema media (Cineplex Media), different programming (Cineplex Occasions) and movement image distribution (Cineplex Photos). Offering much more worth for its friends, Cineplex is a accomplice in Scene+, Canada’s largest leisure and way of life loyalty program.
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Proudly acknowledged as having one of many nation’s Most Admired Company Cultures, Cineplex employs over 10,000 individuals in its workplaces and venues throughout Canada. To be taught extra, go to Cineplex.com.
Warning Relating to Ahead-Wanting Statements
By their very nature, forward-looking statements contain inherent dangers and uncertainties, together with these described in Cineplex’s annual info kind for the 12 months ended December 31, 2024 (“AIF”) and the administration’s dialogue and evaluation for the 12 months ended December 31, 2025 (“MD&A”). These dangers and uncertainties, each common and particular, give rise to the chance that predictions, forecasts, projections and different forward-looking statements won’t be achieved. Sure materials elements or assumptions are utilized in making forward-looking statements and precise outcomes could differ materially from these expressed or implied in such statements. Cineplex cautions readers to not place undue reliance on these statements, as quite a few vital elements, lots of that are past Cineplex’s management, may trigger precise outcomes to vary materially from the beliefs, plans, goals, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These elements embody, however should not restricted to, the phrases of the Financial institution Credit score Settlement (as amended and prolonged), the mixture borrowings (if any), on occasion, beneath the “covenant-lite” credit score facility, and the usage of borrowings (if any), on occasion, beneath the “covenant-lite” credit score facility.
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The foregoing elements which will have an effect on future outcomes will not be exhaustive. When reviewing Cineplex’s forward-looking statements, readers ought to rigorously contemplate the foregoing elements and different uncertainties and potential occasions. Extra details about elements which will trigger precise outcomes to vary materially from expectations and about materials elements or assumptions utilized in making forward-looking statements could also be discovered within the “Risks and Uncertainties” part of Cineplex’s AIF and MD&A.
