Dolphin Company Files Chapter 11 Bankruptcy in Delaware

The Dolphin Company, the largest aquatic theme park operator in Latin America, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware to restructure its finances amid significant financial challenges. The company aims to address its capital structure and short-term liquidity needs while securing debtor-in-possession (DIP) financing to support ongoing operations and vendor obligations. Dolphin Company operates properties including Dolphin Discovery habitats and the Selva Magica theme park, with reported assets and liabilities exceeding $100 million. Independent Director Steven Strom emphasized that the restructuring will strengthen the company's financial foundation while ensuring commitments to employee security and animal welfare are upheld.