Bloomberg reported that Quiznos Corp., the Denver-based toasted-sandwich chain that entered bankruptcy in March, received court approval of a recovery plan that cuts debt by more than $400 million.The Bloomberg article states U.S. Bankruptcy Judge...
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May 13, 2014, 07:36 AM
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Quiznos, one of the nation's premier quick-service restaurant chains and pioneer of the toasted sub, announced that the U.S. Bankruptcy Court in Wilmington, Delaware (the "Court") granted the Company's request for certain "first day" orders that help...
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March 18, 2014, 07:32 AM
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Quiznos announced that its senior lenders have voted overwhelmingly in favor of a "pre-packaged" restructuring plan that will reduce the company's debt by more than $400 million. The plan is intended to increase the company's flexibility as it...
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March 17, 2014, 07:39 AM
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Two potential bankruptcies are a warning sign of financial distress among restaurant chains, according to Fitch Ratings. Fitch does not view them as portending a widespread increase in bankruptcies of U.S. restaurants but a reflection of difficulties...
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March 10, 2014, 07:37 AM
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