EbeneMagazine – CA – The Cirque du Soleil completes the sales transaction and emerges from the bankruptcy protection

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Cirque du Soleil Entertainment Group has completed the sale of the company to a group of its creditors led by the Catalyst Capital Group.

The company announced Tuesday that it had completed the deal with its secured lenders and emerged from legal protection from creditors.

Cirque had to cancel its shows earlier this year and due to the pandemic almost 3. Cut 500 employees.

READ MORE: Cirque du Soleil’s creditors are on the verge of acquiring the company, leaving Quebec with no involvement

As part of the transaction, former MGM Resorts International CEO Jim Murren and Catalyst Capital CEO Gabriel de Alba have been named co-chairs of the company’s board of directors.

Daniel Lamarre remains President and CEO and continues to serve on the company’s board of directors.

Cirque du Soleil, Daniel Lamarre, James Murren, Montreal

EbeneMagazine – CA – Cirque du Soleil completes sales transaction and emerges from bankruptcy protection

Ref: https://globalnews.ca

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