Buffets Inc. Thursday said it had completed the financial restructuring of its multichain enterprise and emerged from Chapter 11 reorganization, six months after its pre-negotiated filing on January 18. The parent of the HomeTown Buffet, Old Country Buffet, Ryan’s Grill, Buffet & Bakery, Fire Mountain and Tahoe Joe chains entered bankruptcy with 494 restaurants and exited with 357. The reorganization eliminated all outstanding pre-petition term debt, totaling approximately $255 ...
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Contact: Desiree Torres Desiree.Torres@penton.com