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Chuck E. Cheese's

Financing

Chuck E. Cheese parent emerges from bankruptcy protection

CEC Entertainment says it has cleared more than $705 million in debt from its balance sheet in the Chapter 11 process.

Leadership

Top newsmakers of 2020

The humans, “innovations” and creepy things that sopped up headline ink for the restaurant industry this year.

Expect the food-and-games chain to be more focused on tech and at-home experiences as it navigates the most challenging period in its history, CEC Entertainment’s CEO says.

CEC Entertainment’s unsecured creditors say the company’s lenders are pushing a quick sale that would result in an artificially low price.

The food-and-games chain’s parent, CEC Entertainment, has asked a bankruptcy court to approve the $2.3 million price tag to destroy tickets that have gone unused due to the pandemic.

Owner CEC Entertainment received the OK to get financing that will carry it through the bankruptcy process.

The delivery-only brand is now available via DoorDash and has new menu items to appeal to “more mature taste preferences,” the chain said.

The fun-and-food chain offered plenty of action off-stage in its 43-year history.

CEC Entertainment said it filed for bankruptcy protection to stop those actions. RB’s The Bottom Line explains why this might be a sign of things to come.

CEC Entertainment, which also owns Peter Piper Pizza, is the latest casualty of the coronavirus pandemic.

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