Did Alabama Public Pension Money Lose Big on Luxury Theaters?

Posted on 08/11/2019

Boca Raton, Florida-based iPic Entertainment Inc. is a luxury chain of theaters that offers the dine-in movie experience. In July 2019, iPic Entertainment missed a US$ 10.1 million interest payment to the Employees Retirement System of Alabama (ERSA) and the Teachers Retirement System of Alabama. The total outstanding debt under the credit facility from the […]