Kinepolis has taken out an additional loan of EUR 80 million with its main bankers for a period of 3 years, in order to be prepared for possible longer delays before the full resumption of its activities, in view of the recent evolution of the COVID-19 pandemic. In this context, the banks also extended the suspension of the credit covenants ('covenant holiday') until 30 June 2022. Kinepolis secured financing through bond issues and, to a more limited extent, by means of bank debt. The covenants are linked solely to the bank credit facilities valued at EUR 220 million. These covenants - which include a maximum debt level - were replaced by a liquidity covenant following the extended suspension. In line with the existing bank credit facilities, the additional credit provides for a number of conditions that limit the disposal of assets, acquisitions and the payment of dividends above a predetermined debt leverage of 3.75.