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Alamo Drafthouse Cinemas Hits Ch. 11 With Plans For Sale

Published: March 3, 2021

Movie theater chain Alamo Drafthouse Cinemas filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with nearly $123 million in debt and a plan for a sale to a pair of investment firms, saying the strain of COVID-19 closures had become too great.

Source: law360.com

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