Akin Gump Advises CEC Entertainment’s Ad Hoc Group of First Lien Lenders as Company Emerges from Chapter 11
Contact:
(New York) – CEC Entertainment today announced its emergence from Chapter 11 protection. This milestone marks the successful completion of the company’s financial restructuring process and implementation of the Plan of Reorganization confirmed by the U.S. Bankruptcy Court on December 15, 2020. A team from Akin Gump advised CEC’s ad hoc group of first lien lenders in the process.
CEC, the parent company of Chuck E. Cheese, emerges with a significantly strengthened financial position, approximately $705 million of debt obligations eliminated from its balance sheet, and the full support of its new board of directors and ownership.
To learn more, please click here.
The Akin Gump team advising the lenders was co-led by financial restructuring partner Philip Dublin and Dan Fisher, head of the firm’s integrated special situations group. They were joined by financial restructuring partner Jason Rubin and corporate partners Zachary Wittenberg and Lucas Charleston.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
# # #
