Dine-in movie show Alamo Drafthouse Cinemas Holdings LLC anticipates closing extra areas as a part of its chapter reorganization and sale.
The Austin, Texas-based firm expects to reject some extra theater leases as a part of a restructuring deal, Alamo stated Thursday in a court docket submitting.
A bunch of associates of Fortress Funding Group and Altamont Capital Companions has supplied to purchase Alamo’s remaining enterprise with a credit score bid masking a $60 million chapter mortgage. And the group and Alamo proceed to evaluation which of 18 theater leases needs to be included within the sale, Alamo stated.
Alamo, which has greater than 40…