YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Red Lobster is set to be acquired out of bankruptcy.
Lender Fortress Investment Group was reportedly the lone bidder for Red Lobster in the restaurant chain's Chapter 11 case. The bid was $375 million, comprising $275 million in debt and $100 million in debtor-in-possession financing, bankruptcy documents show.
Fortress owns SPB Hospitality, the parent of brands such as Logan’s Roadhouse and Old Chicago Pizza.
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