Company makes $9.1M interest payment, Sun Capital adds liquidity
Real Mex Restaurants Inc., the parent to the Chevys, El Torito and Acapulco brands, said the company has reached an agreement with lenders to waive and amend certain debt covenants as the company restructures. After reporting first-quarter earnings in May, the company said it was negotiating with lenders to amend borrowing terms and agreements. At the time there was a possibility that notes and senior secured revolving credit facilities would not be met as of late June. On Thursday, however, ...
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