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Redbox asks court for Chapter 11 bankruptcy protection and a DIP loan to cover payroll

Redbox's parent company, Chicken Soup for the Soul Entertainment (CSSE), has filed for Chapter 11 bankruptcy protection. Deadline notes, the company notified employees of the legal action over the weekend, adding that it has applied for a debtor-in-possession loan. If the court approves the loan, it will ensure payroll funding...

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https://www.techspot.com/news/103627-redbox-begins-chapter-11-bankruptcy-protection-proceedings.html?utm_source=dlvr.it&utm_medium=blogger

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