The Wall Street Journal says the company that owns popular kids restaurant Chuck E. Cheese is $1 billion in debt and is looking for a $200 million loan to stay afloat.

The brand is paying three of it’s top executives more than $3 million to try to get them to stay with the company. Chuck E. Cheese has 610 locations in 47 states but were forced to close stores due to the pandemic. The company said back in April that it was already considering bankruptcy.

Source: https://people.com/food/chuck-e-cheese-approaches-bankruptcy-possibly-close-all-stores/