The struggling cinema chain has not yet been able to sell parts of the firm but has secured funding.
Cineworld has dropped plans to sell its businesses in the US, UK and Ireland after failing to find a buyer.
Cineworld filed for US bankruptcy protection last year as it struggled under the weight of $5bn of debt. The proceeds of the capital raising will be used to fund the turn around of the business including costs related to the restructuring its debts, Cineworld said in a filing with the US bankruptcy court in the Southern District of Texas.Cineworld shares plunge on bankruptcy fears
Cineworld reported a huge loss for the first six months of 2020 after it was forced to temporarily close some cinemas, and movie studios delayed the release of some blockbuster movies. In 2020, a row broke out when Cineworld and rival AMC, which owns the Odeon Cinemas chain, criticised Universal Pictures for releasing Trolls: World Tour online at a time when cinemas were forced to close because of coronavirus.
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