CEC Entertainment announced its emergence from Chapter 11 protection, completing its financial restructuring process and the implementation of the reorganization plan confirmed by the U.S. Bankruptcy Court on December 15, 2020.
- CEC says approximately $705 million of debt obligations have been reduced from balance sheet, co. has $100 million of liquidity to support operations and growth initiatives
- New board of directors has seven members including CEO David McKillips
- As of December 30, the Company and its franchisees operate 559 Chuck E. Cheese and 122 Peter Piper Pizza venues
- NOTE: Dec. 15,
Chuck E. Cheese Wins Approval of Bankruptcy Exit Plan ...
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