Quiznos files for prepackaged chapter 11 to execute financial restructuring
date:Mar 18, 2014
n, Quiznos has received a commitment for $15 million in debtor-in-possession (DIP) financing from its senior lenders, which, subject to Court approval, will be available to support its ongoing operations during the Chapter 11 proceedings. The Company's distribution centers are open and fulfilling orders, and Quiznos has been in touch with its key suppliers to help ensure that products will continue to be delivered to franchisees in a timely fashion. Because the Company has already received the r
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