Cirque du Soleil Entertainment Group is exploring debt restructuring options that include a potential bankruptcy filing, after it was forced to cancel shows because of the coronavirus outbreak, Reuters reported. The famed Montreal-based circus company, largely known for its regular shows in Las Vegas venues, had to temporarily lay off most of its staff after social distancing measures put in place to prevent the spread of the virus nixed its performances. Cirque du Soleil is working with restructuring advisers to address a cash crunch and its roughly $900 million in debt. Creditors are also in talks with advisers as they prepare for possible negotiations with the company. Cirque du Soleil's layoffs affected more than 4,600 employees, or about 95 percent of its workforce, the company said.
