MELVILLE N.Y. Sbarro Inc., the parent to more than 1,075 Italian quick-service restaurants, has amended its credit facilities after a fiscal 2008 that saw declining sales and profit lead to non-compliance with its debt covenants. After negotiations with its banking partners that began last month, Sbarro said last week it was able to obtain a waiver for its non-compliance, which centered on the company’s total net leverage, as well as change terms of its $183 million term loan and $25 ...
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!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com