Sbarro Senior Lenders To Receive Equity For Debt; Provide $20M DIP Loan |
| March 12, 2014 | March 2014 Bond Updates |
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Sbarro yesterday filed a prepackaged reorganization plan that would see the company’s senior lenders under the company’s $61.3 million first-out term loan credit bid $35 million of the debt in exchange for between 98% of the equity in the reorganized company, court filings show. |
| View more at: http://www.forbes.com/sites/spleverage/2014/03/11/sbarro-senior-lenders-to-receive-equity-for-debt-provide-20m-dip-loan/ |
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