Bankruptcy & Restructuring News Headlines for Monday Mar 25, 2024

Here's what we are reading this morning:

AMC Cinema’s Senior Lenders Meet to Discuss Chain’s Debt Options - Bloomberg: Senior lenders to AMC Entertainment Holdings Inc., the money-losing theater chain, met by phone Friday to discuss ways to bolster the company’s balance sheet, according to people with knowledge of the matter.

Texas Bankruptcy Court Rules in SmileDirect Structured Dismissal: While the trend towards structured dismissal may continue to grow, we write to highlight a recent decision in which a bankruptcy court denied a request by debtors to approve a sale of their assets to insiders, which was coupled with a request for a structured dismissal.

Chapter 11, 7 bankruptcy filings claim more beer, brewery brands: The downturn in beer sales, along with debt caused by the covid pandemic, has caused a massive problem for the craft beer business.

Restaurants lost customers and sales at the end of last year: Same-store sales at restaurants slowed markedly in the second half of 2023. But for all the concern about fast-food brands like McDonald's,

Older Post Newer Post