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Recovery Report: Regal Entertainment Group's Recovery Rating Profile Jan 12

  • ID: 2047149
  • January 2012
  • Standard & Poors
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We are updating our recovery analysis on Knoxville, Tenn.-based motion picture exhibitor Regal Entertainment Group (Regal), as part of our ongoing surveillance. Standard & Poor's Ratings Services' simulated default scenario contemplates a default in 2016, stemming from expansion efforts that fail to generate appropriate returns, or a sudden, sharp shift toward alternative film delivery methods. We believe that Regal would reorganize in the event of a default, in view of its attractive portfolio of multi-screen theaters in large market areas. (For Standard & Poor's recovery rating methodology, see "Criteria Guidelines For Recovery Ratings," published Aug. 10, 2009, on RatingsDirect.) Regal Cinemas Corp.'s debt capitalization includes an $85 million senior secured revolving credit facility, a $1,006 million term loan, and $400...

Companies mentioned in this report are: Regal Cinemas Corp.,Regal Entertainment Group

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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Regal Cinemas Corp.,Regal Entertainment Group

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