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CINEMARK PLANS TO RE-OPEN ITS MOVIE THEATERS ON JULY, 1st 16 APR 2020

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CINEMARK PLANS TO RE-OPEN ITS MOVIE THEATERS ON JULY, 1st

The company will ramp up employees two week prior to opening and take precautionary measures, such as social distancing and spacing limitations. It plans to issue $250 million worth of debt securities for general corporate purposes and to increase liquidity, seek relief from landlords, and receive a $20 million cash tax refund and funds from the $2 trillion CARES Act.