Quiznos Franchisees Want Debt Deal Closure

December 23, 2011 by Cris | 0 Comments

Nation’s Restaurant News:

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 Quiznos’ largest lender is driving a plan to cut the chain’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.

In Franchise Site

How Robots Are Making Us Happier
Wearable Intelligence in Energy
April Fools: Helium Beer
Wearable Intelligence in Healthcare
Pixar: The Math Behind the Movies
Watch Silicon Valley Episode 1
The Body Dryer
How Does Cryogenics Work?
Robo-Suit Body Extender
The Secret Science Behind Advertising

In Our Directory

Related Posts

Related Resources


No comments yet.

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.