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Chuck E. Cheese Seeks Reduced Rent While Landlord Talks Continue

  • CBL Properties among parties objecting to the debtor’s plans
  • Company asks permission to pay portion of rent based on status

Photographer: Ben Torres/Bloomberg

Chuck E. Cheese is looking for two more months to negotiatie with its landlords over deferred rent, while it also proposes paying part of the full amount due.

CEC Entertainment Inc., parent of Chuck E. Cheese and Peter Piper Pizza, asked to pay reduced rent depending on the status of its operations, rather than forgoing payments in full, attorney Alfredo Perez of Weil Gotshal & Manges, said at a status conference Monday. The company reached an agreement with the unsecured creditors committee that provides a sixty-day holdout period for CEC to pay landlords a portion of rent for restaurants that are either closed, open for takeout, or open with limited capacity, Perez said.