Business
Village Roadshow secures $70m to weather COVID storm – NEWS.com.au
Village Roadshow secures $70 million from lenders and Queensland Government to cover costs
Village Roadshow has secured a further $70 million in financing, saying coronavirus restrictions are still causing operations to run on a negative cash basis. In a statement provided to the Australian Stock Exchange on Thursday, the Gold Coast theme park owner said the funding had come from existing lenders and the Queensland Treasury Corporation, with the debt facility intended to cover costs for the next 12 months.
It also announced a minimum $35 million shareholder equity raising in an attem…
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