According to S&P Global Ratings, Cirque du Soleil did not pay principal and interest on its first-lien term loan, and did not pay interest on its second-lien term loan, both due March 31.
On April 3, 2020—S&P Global Ratings took the rating actions and lowered ratings to ‘D’ because Cirque did not pay principal and interest on its first-lien term loan, and did not pay interest on its second-lien term loan, both due March 31.
In addition, S&P expect the event of default on the first-lien term loan that will trigger a cross default under provisions in the second-lien term loan credit agreement.
Read more HERE
Photo: Cirque du Soleil
Aerial / Acrobatics
Aerial acrobatics
Aerial Cube / LED Cube
Aerial Hoop, Lyra, Sphere, Spiral, Heart, Chandelier, Aerial lollipop
Aerial straps
Cyr Wheel / German Wheel / Crossed wheel
Crossed Wheel
Cyr Wheel
German Wheel / Rhönrad
Cyr Wheel / German Wheel by Zimmermann
Slinky Costumes
Juggling Equipment
Tight-wire self standing
Pole
Pole dance
American Wheel of death
Theatrical Mechanics – Stage Equipment & Rigging Systems