Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us

The top local business stories in your email

Contact Us:

Josh O'Connor
Phone: 425-339-3007

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049

Jim Davis
Phone: 425-339-3097

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Court approves Quiznos reorganization plan

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
DENVER — Quiznos, which filed for bankruptcy protection in March, says that the court has confirmed its plan of reorganization.
The Denver-based sandwich chain filed for Chapter 11 bankruptcy protection to reduce its debt after losing ground to competitors.
The company's restructuring plan, which includes cutting its debt by more than $400 million and increasing its financial flexibility, had already been approved by its creditors when it filed for bankruptcy.
Quiznos said Monday that the U.S. Bankruptcy Court in Delaware confirmed the company's plan. The company said it is nearing the completion of its financial restructuring process.
The company only owns and operates seven of the nearly 2,100 Quiznos restaurants nationwide. The rest are operated by franchisees and aren't part of the bankruptcy proceedings.



Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

Market roundup