Sbarro Inc. filed an amended reorganization plan Friday that aims for the company to exit bankruptcy before year’s end. Under the revised plan, which was filed in a New York bankruptcy court, the company will significantly reduce its net debt load in a debt-for-equity swap with lenders in the reorganized company. Lenders have also agreed to provide $35 million in new capital to allow the company to continue turnaround efforts. Key terms of the amended plan include: • ...
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Contact: Desiree Torres Desiree.Torres@penton.com