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Alamo Drafthouse Files for Chapter 11
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hollywoodreporter.comAlamo Drafthouse, the independent theater chain known for its thematic screenings, fan-focused atmosphere and in-cinema food and drink options, is filing for Chapter 11 bankruptcy protection, according to a filing in Delaware Bankuptcy Court.
As part of the deal, Alamo is entering into a restructuring agreement, in which it will sell assets to affiliates of Altamont Capital and Fortress Investment Group.
Tim League, one of the founders of Alamo Drafthouse and its executive chairman, will also be among the buyers. The deal will give Alamo access incremental financing that the company says it hopes will allow it to make it past the pandemic.
Read more on hollywoodreporter.com
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