Cirque pull out of Canadian bankruptcy yet?
Cirque shareholders including TPG, China’s Fosun International Ltd. and Caisse de Depot et Placement du Quebec, the province’s pension fund, will see their investment wiped out when the deal closes. TPG bought a majority stake in 2015.
First-lien creditors, owed more than $900 million as of March 31, will wind up with virtually all of the equity. The group leading the bid has said it plans to inject $375 million of new capital into the Montreal-based company, which was forced shut down all of its 44 shows at the onset of the pandemic.”
Quote from - https://www.google.com/amp/s/www.bl...enders-takeover-plan-approved-by-quebec-judge