Valery LEBOVKA, “FACTS”
The canadian company “Cirque du Soleil” (Cirque du Soleil), which had to cancel your tour due to pandemic coronavirus and translate the show online, on Monday filed for protection from creditors to avoid bankruptcy.
This is stated in the message published on the website of the company.
“Cirque du Soleil Entertainment Group announced today that it and certain of its subsidiaries filed for protection from creditors < … > to restructure the capital structure”, the statement reads.
The explanation emphasizes that the company does not consider itself bankrupt, but does this step for bankruptcy protection. The appeal will be considered Tuesday in the superior court of Quebec. If it is accepted, “Cirque du Soleil” will achieve immediate recognition in the United States in accordance with Chapter 15 of the us bankruptcy law.
According to the statement, the company entered into an agreement with investors who will invest about $ 300 million in restructuring and restarting of the activities of “Cirque du Soleil”, and will also assume certain debt obligations of the company.
As specifies Bloomberg, the company suffered greatly because of the pandemic. In March, she was forced to stop working over 44 performances and reduce about 95% of its employees (over 4.5 thousand employees).
Recall that the “Cirque du Soleil” created in 1984 by guy Laliberte and Gilles STE-Croix-based group of street artists performing on the streets in the province of Quebec in Canada. Thanks to the bright show in which circus arts combined with street performance and visual effects, “Cirque du Soleil” has gained popularity all over the world.
Earlier, the “FACTS” wrote that Ukrainian diver Maxim Dolgov, the participant of Olympic games in Rio 2016, as well as European champion in London-and Kyiv 2016-2017, decided to complete professional performances, and focus on the career of a circus performer. While he was working in one of the water of the circuses of China, but dreams of the famous Cirque du Soleil.