Le Lézard
Classified in: Business
Subject: RCN

CHECKERS DRIVE-IN RESTAURANTS, INC. ANNOUNCES AGREEMENT WITH LENDERS THAT ADDRESSES MATURITY AS IT FINALIZES TERMS OF RECAPITALIZATION THAT WILL SIGNIFICANTLY DELEVER ITS BALANCE SHEET


TAMPA, Fla., April 21, 2023 /PRNewswire/ -- Checkers Drive-In Restaurants, Inc., the owner, operator, and franchisor of Checkers® and Rally's® restaurants, today announced it entered into an agreement with its lenders that addresses an upcoming maturity as it finalizes the terms of a recapitalization, which will significantly delever its balance sheet, enabling the company to continue to build on the strong momentum of the business.

Miller Buckfire & Co. is acting as financial advisor for the company; Paul, Weiss, Rifkind, Wharton & Garrison LLP is the company's legal counsel; and Hilco Real Estate, LLC, is advising on all real estate obligations.

About Checkers Drive-In Restaurants, Inc.

Based in Tampa, Fla., Checkers Drive-In Restaurants, Inc., an iconic and innovative drive-thru restaurant chain known for its bold, craveable food, famous fries, exceptional value, and people-first attitude, operates and franchises both Checkers® and Rally's® restaurants. With more than 800 restaurants and room to grow, Checkers & Rally's is a proven brand with flexible building formats that is aggressively expanding across the country. Checkers & Rally's is dedicated to being a place where franchisees and employees who work hard can create opportunities for themselves, their families, and their communities. In recent years, the brand has earned several of the industry's most prestigious awards including: "#1 Most-Loved Fries" in 2021 and "#1 Most Craveable Fries" by Restaurant Business in 2019 and 2017; Best Franchise Deal and "Best Drive-Thru in America" by QSR Magazine; Top Food and Beverage Franchise by Franchise Business Review; the "Hot! Again" award from Nation's Restaurant News; several "Most Innovative" awards from Franchise Update Media; and has consistently been ranked on Entrepreneur's Franchise 500.

SOURCE Checkers Drive-In Restaurants


These press releases may also interest you

at 21:22
Fred Ghodoosi Joins L&F Brown as Senior Litigation Counsel
L&F Brown, P.C., a law firm serving the needs of Fintech, Legaltech and other innovative companies, has announced the addition of?Fred Ghodoosi?as Senior Litigation Counsel. Throughout his career, Ghodoosi has been counsel for Fortune 100 companies,...

at 21:02
THE HEMPSHIRE GROUP, INC. ANNOUNCES A DELAY IN FILING 2023 ANNUAL FINANCIAL STATEMENTS AND RELATED MANAGEMENT'S DISCUSSION AND ANALYSIS
The Hempshire Group, Inc. ("Hempshire" or the "Company"), a California-based non-tobacco and non-nicotine smokables alternatives company that formulates and sells its own proprietary brand of cannabidiol hemp smokes ("CBD Hemp Smokes") under the...

at 21:00
Landlord Studio Launches Free Listing Syndication Ahead of Peak Moving Season
Landlord Studio, the leading property management accounting software for self-managing landlords announced its new free listing syndication feature in partnership with Zillow and Zumper. Charles Chan, CEO of Landlord Studio said, "We're delighted to...

at 20:12
FLJ GROUP LIMITED RECEIVES NASDAQ DETERMINATION LETTER ON COMPLIANCE PLAN
FLJ Group Limited (the "Company"), today announced that it has received a letter dated April 25, 2024 (the "Determination Letter") from the listing qualifications department staff (the "Staff") of The Nasdaq Stock Market ("Nasdaq"), notifying that...

at 20:05
Compass Minerals Announces Conference Call to Discuss Second-Quarter Fiscal 2024 Results
Compass Minerals , a leading global provider of essential minerals, will release its second-quarter fiscal 2024 results Tuesday, May 7, 2024, after the markets close. The company's president and CEO, Edward C. Dowling Jr., and CFO, Lorin Crenshaw,...

at 20:05
JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities
watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack...

More news about Business...


News published on and distributed by: