Bar Louie has reached an agreement with its lender to reduce debt and support the company through a Chapter 11 restructuring plan for its 31 corporate-owned locations. Operations will continue without interruption.

To facilitate the financial restructuring, Bar Louie has voluntarily filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware. This process is not expected to impact the company's day-to-day operations. Prior to the filing, Bar Louie closed underperforming locations to enhance its financial stability.

The company has secured commitments from its lender for debtor-in-possession (DIP) financing, ensuring it can maintain operations, complete the restructuring process, and meet obligations to employees and suppliers.

Raines Feldman Littrell LLP is serving as legal counsel for Bar Louie.