Cruise Line Hornblower Hits Ch. 11 With Over $1B Debt

By Alex Wittenberg and Emily Lever (February 21, 2024, 11:12 AM EST) -- Cruise line and ferry service Hornblower Group Inc. and affiliates on Wednesday filed for Chapter 11 bankruptcy protection in Texas with a plan to cut $720 million from its more than $1 billion of debt through a deal that will hand majority control to private equity firm Strategic Value Partners....

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