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Cinema Chain Gets Bankruptcy Court Nod for $60 Million Loan As It Awaits Auction

Judge Also Approves Bidding Procedures for Sale of Alamo Drafthouse in May
Alamo Drafthouse has landed $60 million in financing as the dine-in movie theater chain has a stalking-horse bid. (eng1ne/Flickr)
Alamo Drafthouse has landed $60 million in financing as the dine-in movie theater chain has a stalking-horse bid. (eng1ne/Flickr)

Alamo Drafthouse Cinemas Holdings, the nation's largest privately owned cinema chain, was given the green light by a U.S. bankruptcy judge to tap into a total of $60 million in financing so it can continue to operate while it prepares to be sold next month.

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News | Cinema Chain Gets Bankruptcy Court Nod for $60 Million Loan As It Awaits Auction