Lenders to Cirque du Soleil Entertainment Group won control of the company in a court-supervised restructuring.

The bid by the creditors’ group, which represents holders of about US$760 million in Cirque debt and includes Toronto-based Catalyst Capital Group Inc., must still receive the approval of a Canadian court. Lenders are planning to inject US$375 million of new capital into the Montreal-based company to restart its shows.

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