US EditionCMX Cinemas Commences Subchapter V Proceedings to Position Company for Long-Term Growth
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7 Articles
CMX Cinemas Commences Subchapter V Proceedings to Position Company for Long-Term Growth
Subchapter V restructuring process expected to significantly reduce debt and strengthen CMX Cinemas' balance sheet and liquidity position Operations to continue without interruption MIAMI, July 1, 2025 /PRNewswire/ -- Cinemex Holdings USA, Inc., and certain affiliates ("CMX"), an operator of premium cinemas across the U.S., today announced that it has commenced proceedings under Subchapter V in the United States Bankruptcy Court for the Southern…
Miami, United States.- Cinemex Holdings USA, owner of the CMX Cinemas cinemas, declared bankruptcy for the second time in five years. The Miami-based network has estimated assets of between $100,000 and $500 thousand, with less than $50,000 in estimated liabilities, according to documents presented on Monday. CMX’s parent company is Grupo Cinemex, who entered the US market in 2016. The Mexican part of the company underwent its own restructuring …
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