S&P 500
7,547.50
-0.46%
Dow Jones
52,592.80
-0.24%
Nasdaq 100
29,097.60
-1.55%
Russell 2000
2,971.54
-0.33%
FTSE 100
10,577.00
+0.85%
Nikkei 225
66,025.10
-2.46%

Investing

Quiznos Sets Debt Restructure

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The small chain restaurant business become more difficult every day. Bennigans is trying to rebuild a business which went into Chapter 11. A&W group was sold by Yum! Brands because it is no longer growing.

All of the modest chains face competition from McDonald’s (NYSE: MCD) which reported record earnings, Yum!, which owns KFC, and Subway, which claims it has more locations worldwide than any other fast food operations.

Quiznos has set a deal to restructure its debt, although this many not improve its prospects. Ownership of the company will move to Avenue Capital Group as part of the deal

The WSJ reports that

All told, the restructuring cuts Quiznos’s more than $870 million debt by about $300 million.

 

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Is Red Lobster’s Bankruptcy the End for This Beloved Chain?
Eric Bleeker |

Is Red Lobster’s Bankruptcy the End for This Beloved Chain?

A report from Bloomberg today says that Red Lobster has engaged with a law firm as it decides whether to declare bankruptcy.…

American Brands That Went Bankrupt During COVID
Grant Suneson |

American Brands That Went Bankrupt During COVID

Numerous American companies struggled to stay afloat throughout the COVID-19 pandemic, which reshaped daily life and rendered some types of…

American Businesses That Might Not Survive Coronavirus
Sam Stebbins |

American Businesses That Might Not Survive Coronavirus

The economic fallout associated with the COVID-19 pandemic has proved too much for many American businesses to absorb. Small businesses…

Will the Credits Roll for AMC After This Reopening Delay?
Chris Lange |

Will the Credits Roll for AMC After This Reopening Delay?

Summer blockbusters may have to wait a little longer to hit theaters now that the world’s largest movie-theater chain announced…

Douglas A. McIntyre |

AP Hires Worst CEO in Newspaper Industry

The Associated Press hired the worst CEO in the newspaper industry as its 13th chief executive. Its board of directors…

Passive Income Investors Take Note: Wall Street Has Upside All Over This 4.2% Dividend Stock
Gerelyn Terzo |

Passive Income Investors Take Note: Wall Street Has Upside All Over This 4.2% Dividend Stock

After experiencing a slowdown in 2023, M&A activity is on the comeback trail, and that is good news for advisory…

Paul Ausick |

Extended Stay America IPO Sets the Bar for Other Lodging IPOs

ThinkstockExtended Stay America Inc. (NYSE: STAY) held its initial public offering (IPO) Wednesday morning, selling 28.25 million shares at $20…

Douglas A. McIntyre |

Dubai Restructures Its Debt, But Not Its Obligation

The desert kingdom of Dubai has come up with a novel way to pay its debt–it will roll it over…

Arch Coal’s Pre-Destined Bankruptcy Filing
Paul Ausick |

Arch Coal’s Pre-Destined Bankruptcy Filing

The other shoe has dropped for Arch Coal. The coal miner has filed for Chapter 11 protection.

Top Gaining Stocks

Abbott Laboratories
ABT • Vol: 19,644,259
Erie Indemnity
ERIE • Vol: 191,841
Cintas
CTAS • Vol: 1,720,245
J.B. Hunt Transport Services
JBHT • Vol: 1,481,808
Ingersoll Rand
IR • Vol: 4,875,564

Top Losing Stocks

Western Digital
WDC • Vol: 6,693,241
Corning
GLW • Vol: 12,012,685
Seagate Technology
STX • Vol: 3,324,711
Coterra Energy
CTRA • Vol: 73,319,495
Super Micro Computer
SMCI • Vol: 19,276,669