Cruise Line Co. Hornblower Receives Final DIP Approval

By Ben Zigterman · March 25, 2024, 4:28 PM EDT

Cruise line and ferry service Hornblower Group Inc. received final approval for a $300 million senior debtor-in-possession loan and a $285 million junior DIP loan at a hearing Monday in Texas....

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Bankruptcy Scorecard

Summary

The company filed for Chapter 11 bankruptcy protection with a plan to cut $720 million from its more than $1 billion of debt through a deal that will hand majority control to private equity firm Strategic Value Partners.

Case Number

4:24-bk-90061

Judge

Marvin Isgur

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1.44 billion

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Related Sections

Case Information

Case Title

Hornblower Holdings LLC

Case Number

4:24-bk-90061

Court

Texas Southern

Nature of Suit

Date Filed

February 21, 2024

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