💥Cineworld. Core Scientific. Sorrento.💥

Things are getting interesting in the world of restructuring.

⚡️Cineworld of Hurt. Part III.⚡️

The Cineworld Group plc bankruptcy status conference we discussed last week transpired as planned and contained a huge update: the ad hoc group of term lenders finally responded to the Cineworld debtors’ proposal with a debt equitization counter-proposal! And — ⚡️woila!⚡️— the parties are in the midst of documenting a pot…