Sbarro Says Made-To-Order Ch. 11 Will Slash Debt
In its petition filed in the U.S. Bankruptcy Court for the Southern District of New York, the restaurant chain said it had reached an agreement with all of its its second-lien secured lenders and about 70 percent of its senior noteholders on the reorganization plan.
The plan calls for Sbarro to convert all of its existing second-lien...
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