PE Deals

Cirque du Soleil to ink acquisition deal with lenders: Reuters

Montreal-based live entertainment company Cirque du Soleil has entered into a new stalking horse agreement with a group of its lenders to acquire the company's assets in settlement of a US$1.1 billion in debt, reported Reuters.

By
Iris Dorbian
-

Montreal-based live entertainment company Cirque du Soleil has entered into a new stalking horse agreement with a group of its lenders to acquire the company’s assets in settlement of a US$1.1 billion in debt, reported Reuters. Existing investors TPG, Fosun, and Caisse de dépôt et placement du Québec have agreed to terminate their previously announced asset purchase bid. Reuters said the deal with the lenders, which include Catalyst Capital Group, will include an injection of US$375 million.

Source: Reuters