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Cirque du Soleil creditors make offer to take control of company: Reuters

Cirque du Soleil's creditors, led by Canadian private equity firm Catalyst Capital Group, have made an offer to take control of the Montreal-based live entertainment company through a debt restructuring, reported Reuters.

Cirque du Soleil’s creditors, led by Canadian private equity firm Catalyst Capital Group, have made an offer to take control of the Montreal-based live entertainment company through a debt restructuring, reported Reuters. The news wire noted the creditors are “proposing to invest US$300 million in Cirque and reduce its US$1.2 billion debt pile by US$900 million.” Cirque du Soleil was acquired in 2015 in a deal led by TPG Capital and joined by Caisse de dépôt et placement du Québec and Fosun Capital Group.

Source: Reuters