Sbarro exits Chapter 11

Sbarro exits Chapter 11

Sbarro Inc. has exited Chapter 11 bankruptcy protection with reduced debt and a new $35 million capital infusion from its lenders, the Italian quick-service company said Tuesday.

Interim president and chief executive Nicholas McGrane called the post-bankruptcy Sbarro “a stronger, better capitalized, and more competitive company with a solid financial foundation for future growth.

“Our reorganization plan eliminates more than 70 percent of our debt, and pro

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