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Village Roadshow intent on paying down debt exceeding $300 million – ABC News

People watch a movie in a cinema

Village Roadshow has a mountain of debt which it needs to pay down as quickly as possible.

In a statement to the market, the entertainment company said its shares were currently in a trading halt to allow it to “provide information about a potential capital raising”.

Its temporary suspension from trading is expected to lift on Wednesday, or earlier if the company makes its announcement before then.

The company is expected to issue more shares to help reduce its $305.3 million worth of debt, as at December 31.

To highlight the magnitude of that figur…

Read the full article at: http://www.abc.net.au/news/2018-07-09/village-roadshow-trading-halt-debt/9958514?section=business

Category: Debt HelpBy Insolvency GuardianJuly 9, 2018

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Village Roadshow intent on paying down debt exceeding $300 million – ABC News

People watch a movie in a cinema

Village Roadshow has a mountain of debt which it needs to pay down as quickly as possible.

In a statement to the market, the entertainment company said its shares were currently in a trading halt to allow it to “provide information about a potential capital raising”.

Its temporary suspension from trading is expected to lift on Wednesday, or earlier if the company makes its announcement before then.

The company is expected to issue more shares to help reduce its $305.3 million worth of debt, as at December 31.

To highlight the magnitude…

Read the full article at: http://www.abc.net.au/news/2018-07-09/village-roadshow-trading-halt-debt/9958514

Category: Debt HelpBy Insolvency GuardianJuly 9, 2018

Post navigation

PreviousPrevious post:Petron Engineering Construction Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate … – Business LineNextNext post:Property developer who left homeowners in the lurch declared bankrupt – New Zealand Herald

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May 30, 2025
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May 30, 2025
Labour is offering ‘no positive support whatsoever’, says brewer Adnams amid mounting debt pile fears
May 30, 2025
Virgin Media O2 enhances support for vulnerable customers through partnership with Money Wellness
May 30, 2025
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