TITLE

Sbarro Delays Reorg with DIP Amendment

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
August 2011
SOURCE
High Yield Report;8/8/2011, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses reports on the delay in Sbarro's filing of a reorganization plan. The company filed for bankruptcy on April 4, 2011 and entered into a 35 million US dollar debtor-in-possession financing agreement with some lenders. MidOcean Partners and Ares Corpotate Opportunities Fund II have agreed to assist in the repayment of the DIP loan.
ACCESSION #
66187487

 

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