Note that Cineworld took on a bunch of debt to fuel expansion last year: https://www.telegraph.co.uk/business/2020/06/15/curtain-fall...

Even in a pre-coronavirus parallel universe, it was a move that looked hugely risky for a company carrying a mountain of debt after its £2.7bn purchase of Regal Cinemas in the US just a year earlier.

Greidinger, it is fair to say, has not been shy about using leverage to expand. The takeover of Regal left it with debts of £2.3bn and £2.8bn of lease commitments. Yet here he was proposing to take on another £1.7bn of loans so it could gatecrash the Canadian market.