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...

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Bankruptcy Scorecard

Summary

The company filed for Chapter 11 bankruptcy protection 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.

Case Number

4:24-bk-90061

Judge

Marvin Isgur

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1.44 billion

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Documents

Petition