Cineworld looks for fresh start amid plan to exit US bankruptcy in July

World’s second-largest cinema chain filed for protection to restructure debts but further backing has now been secured

Cineworld has said it expects to exit bankruptcy protection in July as the troubled cinema group secured further backing from lenders for its restructuring plan.

The update from the world’s second-largest cinema chain, which is listed on the London Stock Exchange, comes months after it filed for bankruptcy protection in the US in the autumn as it struggled with a ballooning $5bn (£4bn) debt pile and low audience numbers.