Sbarro amends credit facilities

MELVILLE N.Y. Sbarro Inc., the parent to more than 1,075 Italian quick-service restaurants, has amended its credit facilities after a fiscal 2008 that saw declining sales and profit lead to non-compliance with its debt covenants.

After negotiations with its banking partners that began last month, Sbarro said last week it was able to obtain a waiver for its non-compliance, which centered on the company’s total net leverage, as well as change terms of its $183

Register to view the full article

Register to view this article

TAGS: Finance News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish