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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!