Regal Entertainment-owner Cineworld says it will close six more multiplexes in its UK circuit after a restructuring of its UK operations following an earlier bank-directed bankruptcy of its U.S. circuit.

The UK-based cinema operators restructuring plan unveiled on July 26, 2024 called for the shuttering of five multiplexes in Britain. After renegotiating rent costs at around 50 locations, Cineworld on Tuesday said six more sites are set to close after landlords chose to reclaim their properties.

Javier Sotomayor, president of Cineworld International, in a statement said the successful completion of our restructuring plan, achieved with the crucial support of our landlords, protects thousands of jobs across the UK and provides us with the financial stability to continue investing in delivering extraordinary experiences for our valued customers. Cineworld chose shake up its UK circuit after a trio of shocks theater shutdowns during the pandemic, entering and then exiting Chapter 11bankruptcy protection in the U.S. and, more recently, the impact of the dual strikes on its supply of tentpole movies from key studio suppliers.

The earlier U.S. corporate restructuring at Regal, the second-biggest movie cinema chain behind AMC Theatres, similarly helped lighten Cineworlds debt load as it looks to ride Hollywoods box office recovery.

For its U.K. restructuring, Cineworld turned to Alix Partners, whichadvised the companyduring its U.S. pandemic-era corporate overhaul. That process included securing rent reductions for Regal multiplex locations, shutting down loss-making locations and eventually navigating Chapter 11 proceedings across the Atlantic.

On Dec. 3, 2024, the Regal Cineworld Group said it had secured a new $1.9 billion debt facility to achieve $60 million in annual interest savings and bolster its balance sheet.