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After first ever annual loss, Cineworld raises more cash

March 25 (Reuters) - Cineworld said on Thursday it has secured commitments for a new $213 million convertible bond to safeguard itself from a further hit due to the coronavirus pandemic as it posted its first ever annual loss as a listed company.

Even as the Regal owner prepares to reopen its U.S. movie theatres next month armed with a recently-agreed exclusivity deal with Warner Bros, it said material uncertainty around its ability to continue as a going concern remained. (Reporting by Muvija M & Chris Peters in Bengaluru Editing by Tomasz Janowski)

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