Alamo Drafthouse Gets OK For $21M Sale To Creditors

Law360 (May 3, 2021, 2:37 PM EDT) -- A Delaware bankruptcy judge on Monday approved the sale of theater chain Alamo Drafthouse Cinemas' assets to a pair of investment firms for a combination of nearly $21 million in debt, claims coverage and Chapter 11 wind-down costs.

At a virtual hearing, Alamo counsel told U.S. Bankruptcy Judge Mary Walrath that all objections to the sale have either been resolved or are on their way to being resolved, while representatives of the company's unsecured creditors endorsed the sale as the best deal the company would be able to make.

Alamo, the nation's largest privately owned theater chain with 18 company-owned and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!