Regal Cineworld Receives Credit Ratings Upgrade from S&P

- Enters interest rate swap agreement to fix borrowing costs with an underlying reference rate of 3.57% on 50% of the term loan -

KNOXVILLE, Tenn., May 28, 2025 /PRNewswire/ -- Regal Cineworld Group ("Regal" or the "Company"), a leading global theatre operator, today announced that S&P Global Ratings ("S&P") has upgraded the Company's issuer credit rating to B, with a Stable outlook. The upgrade reflects Regal's continued strong operational and financial performance.

"This upgrade reflects the significant progress we've made in strengthening our financial foundation and delivering exceptional moviegoing experiences," said Thomas Song, Chief Financial Officer of Regal. "This also demonstrates our commitment to lowering our interest costs, strengthening and building a more resilient balance sheet for the long run. We are pleased with this recognition and remain committed to driving significant value creation for our stakeholders."

S&P highlighted several key factors for the upgrade, including substantial deleveraging and an improved cash flow outlook. The improvements are being driven by strong box office performance – reflecting a recovery across both global and U.S. box office as well as strategic investments in the moviegoing experience. This recognition follows the Company's successfully completion of a new $1.9 billion Term Loan B facility and a $350 million Revolving Credit Facility in December 2024, further strengthening the Company's financial position.

Additionally, Regal recently entered into an interest rate swap agreement, effective April 21, 2025, to hedge against interest rate volatility on its variable-rate debt. The agreement fixes the underlying reference rate at 3.57% on a notional amount of $950 million – representing 50% of the Term loan – through May 5, 2028.

"This proactive step reflects our disciplined approach to financial risk management," added Song. "By locking in one half of our interest expense, we're enhancing predictability and reducing exposure to rate volatility."

About Regal Cineworld
Regal Cineworld operates one of the largest and most geographically diverse theatre circuits in the world. Under the Regal, Cineworld, Picturehouse, Planet, and Cinema City brands, the company represents the second largest theatrical exhibition business by number of screens with locations in the United States, United Kingdom, Ireland, Israel, Poland, Czech Republic, Slovakia, Hungary, Bulgaria, and Romania. Regal Cineworld is focused on delivering the best moviegoing experience by providing our guests with the largest selection of premium large formats, a truly unlimited subscription program, and enhanced food and beverage offerings to make every visit to the theatre a truly memorable experience.

Investor Relations & Media Contact
Manuela Van Dessel
VP and Group Treasurer at Regal Cineworld

Johanna Fuentes
(865) 925-9539 (Media Line)

View original content to download multimedia:https://www.prnewswire.com/news-releases/regal-cineworld-receives-credit-ratings-upgrade-from-sp-302467220.html

SOURCE Regal