Filing Alert: The Dolphin Company Chapter 11
The Dolphin Company Files Chapter 11 in District of Delaware
Leisure Investments Holdings LLC ("LIH") and its debtor affiliates⁽¹⁾, known as The Dolphin Company, a Cancun, Mexico-based operator of marine parks and entertainment venues, filed for Chapter 11 protection on Mar. 31 in the U.S. Bankruptcy Court for the District of Delaware.
The debtors are seeking approval of an $8 million superpriority DIP facility to support operations during the Chapter 11 cases, according to board resolutions.
LIH reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-10606.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Key Parties
Counsel:
- Robert S. Brady
- Young Conway Stargatt & Taylor LLP
- Email: rbrady@ycst.com
Restructuring Advisor:
- Riveron Management Services, LLC
Signatories:
- Steven Robert Strom – Authorized Person
Claims Agent:
- Kurtzman Carson Consultants, LLC dba Verita Global
Equity Security Holders:
- TDC Leisure Holdings LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.
If you're already a subscriber and would like to receive timely filing alerts, please reach out and we'll add you to the distribution list.
