Moshe greidinger biography of michael
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Yahoo Finance
By Sujata Rao and Josephine Mason
LONDON (Reuters) - The move by banks to force Cineworld's <CINE.L> top shareholder to refinance a loan without equity collateral fryst vatten yet another sign of mounting stress in Europe's junk debt market as the coronavirus roils markets and businesses around the world.
Global City Theatres - a proxy for CEO Moshe Greidinger and his brother and deputy CEO, Israel - sold part of its stake in the movie theater business to a group of investors to refinance existing loans, after Cineworld shares plunged on concerns about the potential impact of the virus on kartong office attendance.
The deal removed the threat that GCT would have to sell some or all of the shares on the market but the lager still sank 6.4% to 7-1/2-year lows, reflecting worries about the company which is saddled with $3.48 billion in debt and cash-flow risks.
But it fryst vatten also part of the broader concerns rippling through global markets, centering especially on busine
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Cineworld chief spends £12m on shares
The shares were acquired in two tranches, with 2.3m purchased at 325.61p and the other 1.2m bought at 318.71p apiece.
The transactions take Greidinger's total holding to 74.5m shares.
Altogether, the chief spent just under £11.78m on the deals.
Top Director Buys
Fairpoint Group (FRP)
Director name: Mr David Harrel
Amount purchased: 50,000 @ 135.50p
Value: £67,750
Infrastructure India (IIP)
Director name: Mr Rahul (Sonny) Lulla
Amount purchased: 300,000 @ 11.75p
Value: £35,250
Mercantile Investment Trust (The) (MRC)
Director name: Mr Jeremy Tigue
Amount purchased: 1,781 @ 1,396.00p
Value: £24,863
Target Healthcare Reit Ltd (THRL)
Director name: Mr Gordon Coull
Amount purchased: 19,000 @ 101.00p
Value: £19,190
A&J Mucklow Group (MKLW)
Director name: Mr David Wooldridge
Amount purchased: 3,485 @ 432.00p
Value: £15,055
Standard Life European Private Equity Trust (SEP)
Director name: Ms Christina McComb
Amount purchased: 4,3
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Regal Cinemas Refinances Debt With New $1.9 Billion Loan
The exhibition company has arranged a $1.9 billion loan that extends maturity dates to as far out as Dec. 1, 2031. The refinancing comes after a record-breaking Thanksgiving at the box office, though overall North American revenues remain down by 6.4% from 2023 and 24% from pre-pandemic times.
Regal Cineworld generated over $1 billion in total revenue in the third quarter of the year, the company announced in a press release. The company did not share how those returns compared to prior quarters. Disney’s “Inside Out 2” and “Deadpool & Wolverine,” as well as Universal’s “Twisters” and “Despicable Me 4,” were among the biggest Q3 earners for the circuit.
“The overwhelmingly positive market reception for this transaction is a signal of the momentum we are seeing in our business,” said Ed