TPG-backed Cirque du Soleil to accept creditors’ bid: Bloomberg

Montreal-based live entertainment business Cirque du Soleil will accept a bid from its creditors that would include an injection of US$300 million to restart its shows. The proposal would see first-lien creditors, who are owed more than US$900 million, wind up with virtually all of the equity. The offer would replace a stalking horse bid made by TPG Capital, China’s Fosun International and Caisse de dépôt et placement du Québec in June.

Source: Bloomberg