Quiznos franchisees said Thursday they were eager to see resolution of a reported debt restructuring deal that would bring in new ownership for the beleaguered sandwich chain.
The Wall Street Journal reported Thursday that Quiznosâ€™ largest lender is driving a plan to cut the chainâ€™s more than $870 million debt load by about $281 million in a debt-for-equity swap with hedge fund Avenue Capital Group.
If approved by other creditors, the deal would give Avenue Capital a more than 70-percent ownership stake in the chain. The hedge fund is controlled by billionaire Marc Lasry, according to the report. Read more.
Become part of the number one growth industry while securing your future with immediate and residual income
Jamberry Nails signature product, Jamberry Nail Shields, which are essentially stick-on nail art
Can we solve the #1 Business problem people have today? Yes -- and the answer is simple...
PromoSlam has a mission to develop real solutions for individuals and families
Thin Energy is looking for a limited number of motivated business minded people