United Kingdom’s Cineworld, the world’s second-largest movie chain operator, on Monday secured an additional $750 million funding to weather the coronavirus crisis as it is likely to reopen next year, reported Reuters.

The agreement, the latest in multiple rounds of debt reordering and restructuring, which the company has been forced into since March, involved the issue of equity warrants that could hand around 10% of company shares to its creditors.

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Cineworld anticipates to retain adequate liquidity for some additional months, but may require lender support in order to deploy that liquidity.

“We look forward to resume our operations and welcoming movie fans around the world back to the big screen for an exciting and full slate of films in 2021,” said Mooky Greidinger, Chief Executive Officer.

Cineworld, which has closed 536 Regal theatres in the US and its 127 Cineworld and Picturehouse theatres in the UK, has cut costs to $60 million a month with theatres being shut.

The company has kept all capital expenditure on hold and said it has agreed long-term rent deferrals with important landlords, beside new lease deals in some cases, while talks with other landlords are also underway.

Along with the issue of new warrants, it said that it has secured $450 million in new loans, debt waivers until June 2022, extended its revolving credit line and expects a tax refund of over $200 million brought forward to 2021.

Cineworld has been on a hefty debt due in part to its $3.6 billion acquisition of Regal in 2018.

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While US rival AMC Entertainment has kept its doors open with enough cash until early 2021, Cineworld assumes it has sufficient money if it reopens its venues by next May.

Shares in Cineworld, which have lost three quarters of their value since the start of this year, resulted into 20% response to the deal, as stock market investors worldwide also welcomed more positive results from coronavirus vaccine trials.

“With vaccines on the horizon and liquidity secured, we think that (Cineworld) is now well-placed in a re-opening scenario,” analysts at Jefferies said.