Arash of bankruptcies and unit closures in recent months is evidence not only of the difficult operating environment, but also of the tight-fisted lending atmosphere, which today is making it more challenging than ever to restructure debt or to obtain needed financing.Sources say operators in trouble must open the lines of communication with their lenders or shareholders immediately, as any type of modification to loan documents or forbearance agreements is typically offered within a narrow ...
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Contact: Desiree Torres Desiree.Torres@penton.com