Regal announces successful completion of $250 million capital raise

Regal (the “Company”) announced today that it has successfully completed a $250 million capital raise. With this investment, Regal is well positioned for accelerated growth through improvements to existing assets, and digital enhancements to the moviegoing experience.

“Regal has been executing on its business plan with results through the first quarter that exceeded our expectations providing one of the strongest balance sheets in the business,” stated Thomas Song, Chief Financial Officer for Regal. “As we invest in providing the best moviegoing experience, our customers will enjoy in-theatre improvements coupled with a very compelling movie slate through the end of the year.”

Song continued, “With the strong support from our existing investors and real estate partners, Regal is well positioned to invest in growth opportunities with highly accretive investments including brand-new luxury recliners in the United States and digital enhancements for our loyal customers. As we identify theatres for these improvements, we encourage our landlords to also reach out with interest for their respective locations.”

The capital raise will be used to upgrade existing Regal theatres in concert with respective real estate partners, including investments in luxury recliners and additional improvements to the moviegoing experience through upgrades to Regal’s digital channels including the website and app. Construction has been initiated with over 30 locations completed during 2025.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Read More

LIONSGATE REPORTS RESULTS FOR FOURTH QUARTER FISCAL 2023

Lionsgate (NYSE: LGF.A, LGF.B) today reported fourth quarter (quarter ended March 31, 2023) revenue of $1.1 billion, operating loss of $49.6 million and net loss attributable to Lionsgate shareholders of $96.8 million or $0.42 diluted net loss per share on 229.2 million diluted weighted average common shares outstanding. Adjusted net income attributable to Lionsgate shareholders in the quarter was $49.2 million or $0.21 adjusted diluted net earnings per share on 233.2 million diluted weighted average common shares outstanding, with Adjusted OIBDA of $138.0 million.
Read More

Paramount Global to Report 1ST Quarter Results on May 4

Produced by VICE News, the first documentary, THE CULT OF ELON, will follow the evolution of Elon Musk and the second documentary, VIGILANTE, INC., will take a deep dive into the rise of online vigilantism. THE CULT OF ELON is set to premiere on April 24th and VIGILANTE, INC. is set to follow on May 6th exclusively on Tubi.