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Bankruptcy & Restructuring News Headlines for Thursday Mar 4, 2021

March 04, 2021

Here's what we are reading this morning:

Dine-In Movie Chain Alamo Drafthouse Files for Bankruptcy

Sands to sell its Las Vegas properties for $6.25 billion as it shifts focus to Macao, Singapore

Companies Wrote Down Goodwill Last Year as the Pandemic Took a Toll - WSJ

Detail from Alamo Drafthouse bankruptcy filings: "Approximately 6 of the Company’s 18 theaters are currently operating at 50% mandated seating capacity with less than 20% box office sales at these locations"

Another interesting detail from Alamo Drafthouse bankruptcy filings: two (yes, just two) employees are subject to a collective bargaining agreement entered into in August 2018

Disney to close 20% of Disney Stores as it shifts focus to e-commerce

A Second Power Provider Defaults After Texas Energy Crisis

Valaris Receives Court Approval of Chapter 11 Plan of Reorganization | News | wfmz.com

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Mar 3, 2021




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