The company filed for Chapter 11in April.
It now expects to emerge in August or September.
The plan allows the company to eliminate debt and exit with a significantly stronger balance sheet.
National CineMedia’s “Noovie” pre-showNational CineMedia
Existing management led by CEO Tom Lesinki will continue to lead the reorganized company.
NCMI serves over 19,500 screens in more than 1,500 theaters, including the three biggest national chains.
AMC,Regaland Cinemark who remain big shareholders.
National Cinemedia was recently given until July 26 to get into compliance.
