Parent of Chevys, El Torito, Acapulco suffers $5.4M net loss in 1Q
The parent of the Chevys and El Torito brands said Thursday the company is in danger of defaulting on loans as it continues to struggle with lagging sales. In discussing first-quarter earnings in a call to analysts, Real Mex Restaurants Inc. interim chief executive and chief financial officer Richard Dutkiewicz said there is a possibility that certain financial covenants related to the notes and senior secured revolving credit facilities will not be met as of June 26. Real Mex said it is in ...
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