Jun 12, 2020
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About this Deal
The brand behind the food-and-games establishment, CEC Entertainment, is nearly $1 billion in debt and is trying to approach lenders for a $200 million loan to keep the business afloat, according to the Wall Steet Journal.
On Friday, the brand announced it would be offering its top executives retention bonuses with the hopes that they would stay on in trying times.
CEC said it would pay nearly $3 million total to three executives, including $1.3 million to CEO David McKillips, the Securities and Exchange Commission filing showed.