Restaurant Finance Across America
Archived postings from August, 2008...
Uno, Real Mex and Perkins face debt pressures according to Wall Street Journal article
Posted: Wed, August 13, 2008 at 2:46pm (CDT)
According to the Wall Street Journal, Uno Restaurant Holdings Corp. will miss a bond payment which is due on August 15th. The article also mentions Real Mex Restaurants (El Torito, Chevy\'s and Acapulco) and Perkins as other restaurant companies with debt issues.
Wall Street Journal August 13, 2008
BUCA faces bankruptcy if the Planet Hollywood deal falls through
Posted: Wed, August 13, 2008 at 11:48am (CDT)
According to a SEC filing, Buca faces a bankruptcy filing if it doesn\'t conclude its deal with Planet Hollywood due to \"liquidity issues and repeated defaults under its credit agreement.\"
SEC Edgar August 12, 2008
What happens to Bennigan's franchisees?
Posted: Mon, August 11, 2008 at 6:54am (CDT)
A move is afoot to organize the remaining Bennigan\'s franchisees. The effort is lead by Atalaya Capital and CRG partners.
Yahoo Finance August 7, 2008
Brinker finds sale of Macaroni Grill not so easy
Posted: Wed, August 06, 2008 at 2:08pm (CDT)
Brinker International would like to sell Macaroni Grill. But store performance and the credit crunch make it difficult to get the value they think is there.
Seeking Alpha August 5, 2008
The corporate nightmare known as BUCA will soon be history
Posted: Wed, August 06, 2008 at 8:27am (CDT)
Buca Di Beppo\'s mediocre run as a public company will soon be over. It is only fitting that the company will be sold to Robert Earl and his Planet Hollywood for $.45 per share. Business is so bad that Planet Hollywood has to make a $3.5 million loan to the company to see them through the closing.
SEC Edgar August 6, 2008