Sbarro aims to exit bankruptcy this year

Sbarro Inc. filed an amended reorganization plan Friday that aims for the company to exit bankruptcy before year’s end.

Under the revised plan, which was filed in a New York bankruptcy court, the company will significantly reduce its net debt load in a debt-for-equity swap with lenders in the reorganized company. Lenders have also agreed to provide $35 million in new capital to allow the company to continue turnaround efforts.

Key terms of the amended plan inclu

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