Successful Refinancing and Business Update
(WorldNews Germany)

6 July 2020 ASX ANNOUNCEMENT - SUCCESSFUL REFINANCING AND BUSINESS UPDATE EVENT Hospitality & Entertainment Limited (the "Group") today announced the successful refinancing of its debt facilities, and provided an update on the Group`s mitigation actions to manage the impact of the global coronavirus pandemic ("COVID-19") on the Group`s businesses. In summary: • debt facilities have been increased by $205 million to $750 million, resulting in available cash and undrawn debt facilities of ~$320 million; • majority of cinemas in Australia and New Zealand are now open; • process for divestment sites to allow for the completion of the CineStar sale underway; • majority of...