Event Rental Firm Squeezed By Recession Seeks Ch. 11

Law360, Wilmington (February 14, 2014, 3:19 PM EST) -- Event Rentals Inc. and about a dozen affiliates, which provide services for galas such as the Academy Awards and the Super Bowl, filed for Chapter 11 protection late Thursday, a victim, the CEO says, of the economic downturn that forced organizations to cut back on discretionary and entertainment spending.

In papers filed in the Delaware bankruptcy court, Event Rentals pegged its total liabilities as of Dec. 26 near $246 million, much of it senior secured debt from a group of lenders led by Cerberus Capital Management...
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