CIRQUE DU SOLEIL ENTERTAINMENT GROUP ENTERS INTO AN AGREEMENT WITH ITS SECURED LENDERSMontreal, Thursday, July 16, 2020
CIRQUE DU SOLEIL ENTERTAINMENT GROUP ANNOUNCES COMPREHENSIVE PLAN TO RESTART BUSINESSMontreal, Monday, June 29, 2020
Montreal, QC, June 29, 2020 – Cirque du Soleil Entertainment Group (“Cirque du Soleil,” “Cirque,” or the “Company”) announced today that it and certain of its affiliated companies have filed for protection from creditors under the Companies’ Creditors Arrangement Act (“CCAA”) in order to restructure its capital structure. Its application under the CCAA will be heard tomorrow by the Superior Court of Québec (Commercial Division) (the “Court”). If the Court grants the initial order sought, the Company will seek its immediate provisional recognition in the United States under Chapter 15 of the US Bankruptcy Code in the United States Bankruptcy Court.
CIRQUE DU SOLEIL AND HANGZHOU XINTIANDI GROUP ANNOUNCE REOPENING DATES FOR 绮幻之境 - THE LAND OF FANTASYHangzhou, Tuesday, May 26, 2020
Hangzhou, China, May 25, 2020 - Cirque du Soleil Entertainment Group (Cirque du Soleil) and Hangzhou Xintiandi Group (XTD) announce the reopening of 绮幻之境 - THE LAND OF FANTASY in Hangzhou, China, on June 3, 2020. This will be the first Cirque du Soleil production to reopen since the company ceased operations due to the Coronavirus pandemic.
Cirque du Soleil Entertainment Group Announces $50 Million in Funding from Existing Investors TPG, CDPQ, and FosunMontreal, Monday, May 4, 2020
Montreal – May 4, 2020 – Cirque du Soleil Entertainment Group (Cirque du Soleil) announced today that it has raised $50 million in interim financing from existing shareholders TPG Capital, Caisse de dépôt et placement du Québec (CDPQ), and Fosun. The new capital addresses Cirque du Soleil near-term liquidity needs amid the continued disruption brought on by the COVID-19 pandemic.