For the second time in two years, Quiznos is seeking to restructure its debt load as the sandwich chain struggles to spark a turnaround. According to a recent report in the Wall Street Journal that cited unnamed sources, the Denver-based chain recently missed a payment on a loan and has been working with its creditors to restructure some or all of its nearly $600 million in debt. In a statement Tuesday, Quiznos confirmed that it has negotiated a forbearance agreement that would give ...
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Contact: Desiree Torres Desiree.Torres@penton.com