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SBS Files Chapter 11 Bankruptcy to Restructure Debt

4/9/2026

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Summary

Story summary

Spanish Broadcasting System (SBS) plans voluntary Chapter 11 bankruptcy in Delaware.
On April 3, SBS entered a Restructuring Support Agreement with Brigade Capital Management and others holding over 72% of its notes.
The company will continue operations during the process, including paying wages and vendor payments.
The restructuring is expected to reduce debt and boost liquidity for programming and digital platforms.
Raúl Alarcón remains CEO.

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Story summary

Spanish Broadcasting System (SBS) plans voluntary Chapter 11 bankruptcy in Delaware.
On April 3, SBS entered a Restructuring Support Agreement with Brigade Capital Management and others holding over 72% of its notes.
The company will continue operations during the process, including paying wages and vendor payments.
The restructuring is expected to reduce debt and boost liquidity for programming and digital platforms.
Raúl Alarcón remains CEO.