CB Theater Experience, which operates movie theaters under the CMX name, filed for bankruptcy once before in 2020. That was in the early days of the Covid pandemic when the company faced long periods of not being able to open its theaters or trying to operate them with social distancing.

Wolfspeed filed for Chapter 11 bankruptcy Monday, June 30, a step in a previously-announced restructuring plan to reduce the company’s $6.7 billion in debt by 70%.

Wolfspeed has filed for Chapter 11 Bankruptcy as part of its restructuring agreement with key lenders.