Metromedia Steakhouses To Change Name Under Plan

Law360, New York (June 22, 2009, 12:00 AM EDT) -- The bankrupt parent company of the Ponderosa and Bonanza casual steak houses, Metromedia Steakhouses Co. LP, will change its name, according to the company's Chapter 11 reorganization plan.

The plan, filed in the U.S. Bankruptcy Court for the District of Delaware Friday, says that Metromedia Steakhouses will change its name to Homestyle Dining LLC upon the effective date.

The plan also outlines the terms of its $5.1 million exit financing agreement, a new $4.15 million 54-month revolving credit facility and a $9.3 million replacement for Metromedia...
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