Cirque du Soleil Files for Chapter 15 Bankruptcy in Delaware

Dozens of <-bsp-bb-link state="{"bbHref":"bbg://securities/100793Z%20CN%20Equity","_id":"00000173-0be8-d229-a177-9ffb20070000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Cirque du Soleil affiliates <-bsp-bb-link state="{"bbHref":"bbg://screens/BBLS%20DD%202048122988125442","_id":"00000173-0be8-d229-a177-9ffb20070001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">file for Chapter 15 court protection from creditors in the U.S.

• Chapter 15 is meant to protect a company’s U.S. assets while it restructures elsewhere
• <-bsp-bb-link state="{"bbDocId":"QCPGF0T0AFB4","_id":"00000173-0be8-d229-a177-9ffb20080000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">NOTE: Montreal-based <-bsp-bb-link state="{"bbHref":"bbg://securities/1695845D%20CN%20Equity","_id":"00000173-0be8-d229-a177-9ffb20080001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Cirque du Soleil Entertainment Group filed for protection from creditors in Canada on Monday after the coronavirus pandemic forced it to close shows around the world

To contact the reporter on this story:
Jeremy Hill in New York at jhill273@bloomberg.net

To contact the editors responsible for this story:
<-bsp-person state="{"_id":"00000173-0be8-d229-a177-9ffb200b0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Rick Green at rgreen18@bloomberg.net

Nicole Bullock, Christopher DeReza

© 2020 Bloomberg L.P. All rights reserved. Used with permission.