Dine-in movie theater Alamo Drafthouse Cinemas Holdings LLC anticipates closing more locations as part of its bankruptcy reorganization and sale.
The Austin, Texas-based company expects to reject some additional theater leases as part of a restructuring deal, Alamo said Thursday in a court filing.
A group of affiliates of Fortress Investment Group and Altamont Capital Partners has offered to buy Alamo’s remaining business with a credit bid covering a $60 million bankruptcy loan. And the group and Alamo continue to review which of 18 theater leases should be included in the sale, Alamo said.
Alamo, which has more than 40 ...
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