Landlords and junior creditors dropped their opposition to the billion-dollar debt repayment after Cineworld agreed to pay at least $20 million in rent that will accrue after Sept. 30. Britain's Cineworld, whichin Texas in September with less than $4 million in cash on hand, previously did not intend to make any post-September rent payments until the end of its bankruptcy.
U.S. Bankruptcy Judge Marvin Isgur in Houston said that the agreement was a "pretty amazing" result given the widespread landlord and creditor opposition to Cineworld's bankruptcy financing at the start of its Chapter 11 case.
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