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Your email address will not be published.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

CJ 4DPLEX and EVT Expand 4DX Footprint in Australia with Three New Theaters

CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, and EVT, owners of Event Cinemas, the largest movie exhibitor in Australia and New Zealand, announced today they have broadened their partnership to bring more 4DX theatres to Australia. This expanded deal will bring three additional 4DX theaters to the country, with two set to open before Christmas 2024 at Event Cinemas Castle Hill, NSW, and Event Cinemas Innaloo, Western Australia, with a third location opening next year.
Read More

WARNER BROS. DISCOVERY REPORTS FIRST-QUARTER 2024 RESULTS

Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter ended March 31, 2024. Please visit the "Investor Relations" section of the Company's website at https://ir.wbd.com/ to view the financial results and other earnings materials.
Read More

EZsides, Script Sides Made Easy in Just a Few Clicks

The inventor of the EZsides software, Mattia Ferrante, is an experienced film producer who understands the challenges and complexities of the film production process. Ferrante's vision was to create a system that could automate the process of generating sides from a PDF script.