Sbarro Inc. has exited Chapter 11 bankruptcy protection with reduced debt and a new $35 million capital infusion from its lenders, the Italian quick-service company said Tuesday. Interim president and chief executive Nicholas McGrane called the post-bankruptcy Sbarro “a stronger, better capitalized, and more competitive company with a solid financial foundation for future growth. “Our reorganization plan eliminates more than 70 percent of our debt, and provides access to ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Questions about your account or how to access content?