Chains risk defaults as debt woes grow

Chains risk defaults as debt woes grow

Seeming to anxious operators like sharks in treacherous seas, lenders are circling the waters of corporate debt as highly leveraged restaurant companies try to look less like prey while their sales are sinking.

Already troubled by slower guest traffic and soaring operational costs, the industry now faces the prospect of more defaults and bankruptcies as big debt loads and weak performances make it harder to restructure balance sheets, according to corporate-debt experts. Making matter

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