GE Provides $55 Million in Financing to Cinema Circuit Owner-Operator Reading International

NORWALK, Conn.–(BUSINESS WIRE)–GE Commercial Finance’s Media, Communications & Entertainment business has provided $55 million in financing to Reading International (AMEX:RDI), a Commerce, Calif.-based cinema exhibition and real estate company. The financing will support Reading International’s acquisition of a number of cinemas in California and Hawaii, operated by Pacific Theatres Exhibition Corp. Reading International currently owns and operates a majority of leasehold assets in Australia and New Zealand making this acquisition a key component for its plans to expand its presence in the United States.