Edwards accepts Anschutz, Oaktree recapitalisation

By 2001-02-16T12:55:00

Edwards Theatres Circuit has agreed to a recapitalisation plan that will see Phillip Anschutz's Anschutz Corp and distressed debt investor Oaktree Capital Management assume a significant percentage of its equity, so that the ailing circuit can emerge from bankruptcy protection. Terms of the proposed transaction were not disclosed.

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