Uno Creditors Cry Foul Over $52M In Financing

By James Armstrong

Law360, New York (February 05, 2010, 5:51 PM ET) -- The official committee of unsecured creditors of Uno Restaurant Holdings Corp. is objecting to the company's motion for a final order approving $52 million in post-petition financing from Wells Fargo Capital Finance Inc. and a group of majority noteholders.

On Thursday, the committee asked the U.S. Bankruptcy Court for the Southern District of New York to deny the pizza chain's motion to approve the financing by Wells Fargo and majority noteholders, including two Twin Haven private equity funds and Blackwell Partners.

“This is a prenegotiated restructuring...
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