Eliza Ronalds-Hannon
Senior Reporter at Bloomberg News
Reporter at @business covering credit markets, corporate crises, #bankruptcy. Views are my own. Don’t lie to me.
Articles
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1 month ago |
ca.finance.yahoo.com | Eliza Ronalds-Hannon |Reshmi Basu
(Bloomberg) — Hooters of America and some of its creditors are considering a potential bankruptcy plan that would see control of the brand returned to former executives and the one-time parent of the chain, according to people with knowledge of the matter.
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1 month ago |
news.bloomberglaw.com | Eliza Ronalds-Hannon |Reshmi Basu
Hooters of America and some of its creditors are considering a potential bankruptcy plan that would see control of the brand returned to former executives and the one-time parent of the chain, according to people with knowledge of the situation. Hooters of America’s largest franchisee, an entity tied to the original Hooters business, would team up with creditors to control the company, said the people, who asked not to be identified discussing confidential discussions.
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1 month ago |
bloomberg.com | Eliza Ronalds-Hannon |Reshmi Basu
Holders of asset-backed bonds issued by a Hooters of America unit are seeking advice on their rights and options as the casual-dining franchise prepares a potential bankruptcy filing in the coming months, according to people with knowledge of the matter. Investors in those bonds have expressed concern a bankruptcy may affect or impair their holdings, which could lose value or face restructuring as part of a larger plan to address Hooters’ liabilities, the people said.
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1 month ago |
bloomberglinea.com.br | Reshmi Basu |Eliza Ronalds-Hannon
Bloomberg — A GPS Hospitality, que opera as redes de fast-food Burger King e Popeyes, está conversando com consultores sobre como administrar uma reserva de dinheiro cada vez menor em meio a ventos contrários à receita, de acordo com pessoas com conhecimento das discussões.
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1 month ago |
news.bloomberglaw.com | Eliza Ronalds-Hannon |Reshmi Basu
Holders of asset-backed bonds issued by a Hooters of America unit are seeking advice on their rights and options as the casual-dining franchise prepares a potential bankruptcy filing in the coming months, according to people with knowledge of the matter. Investors in those bonds have expressed concern a bankruptcy may affect or impair their holdings, which could lose value or face restructuring as part of a larger plan to address Hooters’ liabilities, the people said.
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Hooters filed for bankruptcy in Texas with a plan to return control to restaurant operators instead of the private equity owners that oversaw its decline. Read our story on how the Hooters founders think they can revive the brand for the modern era: https://t.co/yee5F6QCll
Hooters Bankruptcy Plan Would Return Brand to Former Parent https://t.co/Ne9jJONSQt
NEW: Hooters is working with creditors on a plan to restructure the business through bankruptcy court in the coming months, according to people with knowledge of the arrangements. Story with Reshmi Basu. @business #Hooters https://t.co/TmjrZJcZG8