Pro Bankruptcy Briefing: Chuck E. Cheese in Financing Talks | PG&E Pushes for Quick Chapter 11 Plan Approval | Travelport Owners to Invest $1 Billion to Prop Up Company - WSJ: Apollo’s Chuck E. Cheese is in talks with its lenders to raise money to avoid filing for bankruptcy but it has also approached lenders to gauge their interest in providing a $200 million loan, write WSJ’s Soma Biswas and Heather Haddon. PG&E Corp. is pushing a bankruptcy judge to approve its chapter 11 plan this week, but Dennis Montali says he can’t “just do it tomorrow.” The utility company’s shares fell 12% in premarket trading after the company said it expects to raise $5.75 billion to fund its emergence from bankruptcy. Travelport Worldwide Ltd. owners—Siris Capital and Elliott Management—are pumping $1 billion into the travel-booking platform and lenders like Blackstone Group aren’t happy, writes WSJ’s Andrew Scurria.
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