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Hornblower extends stalking horse designation deadline to March 19
By Sarah Lizee
Olympia, Wash., March 18 – Hornblower Cruises and Events, Inc. amended the bid procedures for its American Queen Voyages (AQV) assets to extend the stalking horse bid designation deadline to March 19 from March 15, according to a notice filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.
As a reminder, the company said it has entered into an agreement with its investors, under which funds managed by Strategic Value Partners, LLC and its affiliates will acquire majority ownership of Hornblower and provide a significant equity investment in the business.
Crestview Partners will retain a significant minority position in Hornblower and become the sole owner of Journey Beyond, a standalone operating unit of Hornblower in Australia.
Hornblower’s overnight cruising business AQV will be sold, or, if a sale cannot be achieved, its operations will be wound down.
Under the bid procedures, the competing bid deadline is 5 p.m. ET on March 25, an auction is scheduled for March 27, and a sale hearing will take place on April 4.
Hornblower is a San Francisco-based cruise and event company. The company filed bankruptcy on Feb. 21 under Chapter 11 case number 24-90087.
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