Bankruptcy & Restructuring News Headlines for Thursday May 16, 2024

Here's what we are reading this morning:

AMC Seizes on Meme Stock Moves to Cut $164 Milllion of Debt - Bloomberg: AMC Entertainment Holdings is taking advantage of its meme stock rally to reduce its debt, revisiting a playbook that helped it shore up liquidity in 2021.

Red Lobster Creditors Said to Weigh Bid for Assets in Chapter 11 - Bloomberg: A group of lenders to Red Lobster Management LLC is considering bidding for assets through a potential Chapter 11 sale process and seizing control of the seafood restaurant chain, according to people familiar with the matter.

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