Quiznos On Road To Fast Ch. 11 Trip

Law360, Wilmington (March 17, 2014, 6:09 PM EDT) -- A Delaware bankruptcy judge gave the interim OK on Monday to a $15 million debtor-in-possession loan for the company that owns sandwich chain Quiznos along with a Chapter 11 timeline that would have the court consider the company's prepackaged restructuring plan in about five weeks.

U.S. Bankruptcy Judge Peter J. Walsh gave the approval for QCE Finance LLC, Quiznos' parent, to tap $10 million of the $15 million DIP facility extended by a group of first-lien lenders led by Wilmington Trust NA.

The judge also heard...
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