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Alamo Drafthouse Files for Chapter 11, Movie Theater Chain Sells Assets to Altamont and Fortress TheWrap 3/3/2021 © TheWrap Alamo Drafthouse Alamo Drafthouse on Wednesday filed for Chapter 11 and sold all of its assets to its senior leadership group, including Altamont Capital Partners and funds managed by affiliates of Fortress Investment Group. Alamo founder and executive chairman Tim League and other original investors are also among the buyers. The restructuring arrangement and bankruptcy, which was filed in Delaware bankruptcy court, will give Alamo incremental financing to help it operate through the pandemic, just as theaters in New York City are primed to open at limited capacity. According to the filing, Alamo s estimated assets are between $100 million and $500 million, as well as its estimated liabilities.

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