{"id":4385,"date":"2020-06-29T13:33:06","date_gmt":"2020-06-29T13:33:06","guid":{"rendered":"https:\/\/enpistedev.wpenginepowered.com\/cirque-du-soleil-announces-a-comprehensive-plan-for-the-companys-relaunch\/"},"modified":"2020-06-29T13:33:06","modified_gmt":"2020-06-29T13:33:06","slug":"cirque-du-soleil-announces-a-comprehensive-plan-for-the-companys-relaunch","status":"publish","type":"post","link":"https:\/\/enpiste.qc.ca\/en\/cirque-du-soleil-announces-a-comprehensive-plan-for-the-companys-relaunch\/","title":{"rendered":"Cirque Du Soleil Announces a Comprehensive Plan for the Company’s Relaunch"},"content":{"rendered":"

Cirque du Soleil announced today that it has filed for creditor protection under the Companies’ Creditors Arrangement Act to restructure its capital structure. Their request will be heard tomorrow by the Quebec Superior Court. <\/p>\n

“Under the terms of the proposed Purchase Agreement, the Shareholders will inject US$300 million<\/span> in liquidity into the restructured company to support a successful restart, partially compensate affected employees and Cirque du Soleil partners, and assume certain outstanding obligations of the Company, particularly with respect to ticket holders affected by show cancellations. Of this US$300 million<\/span>, Investissement Qu\u00e9bec will provide debt financing of US$200 million<\/span> to support the proposed acquisition.” <\/p>\n

“We know, because of the proposal on the table, that Cirque is saved,” explained its President and CEO, Daniel Lamarre, during a phone interview. “I am confident that at the end of the process, which should culminate in mid-September, I will have an owner.” (HuffPost Qu\u00e9bec)<\/p>\n

Read the Cirque Du Soleil Group Press Release.<\/a><\/h3>\n

Read the HuffPost Qu\u00e9bec article.<\/a><\/p>\n

Watch the interview with Daniel Lamarre on RDI.<\/a><\/p>\n

Read the article in La Presse Plus on the buyout offer.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cirque du Soleil announced today that it has filed for creditor protection under the Companies’ Creditors Arrangement Act to restructure its capital structure. Their request will be heard tomorrow by the Quebec Superior Court. “Under the terms of the proposed Purchase Agreement, the Shareholders will inject US$300 million in liquidity into the restructured company to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":["post-4385","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":{"ville_de_levenement":"","name_publieur":"","entreprise":"","role_du_publieur":"","credit":""},"yoast_head":"\nCirque Du Soleil Announces a Comprehensive Plan for the Company's Relaunch - En Piste<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enpiste.qc.ca\/en\/cirque-du-soleil-announces-a-comprehensive-plan-for-the-companys-relaunch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cirque Du Soleil Announces a Comprehensive Plan for the Company's Relaunch - En Piste\" \/>\n<meta property=\"og:description\" content=\"Cirque du Soleil announced today that it has filed for creditor protection under the Companies’ Creditors Arrangement Act to restructure its capital structure. 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