Lenders ease S&A liquidation as 60 stores are auctioned

DALLAS An auction under way of about 60 shuttered Bennigan’s and Steak & Ale restaurants is set to close by the end of October, with rents and other expenses on the properties to be paid in the meantime by lenders such as GE Capital Solutions, Franchise Finance.

According to court documents, Scottsdale, Ariz.-based GE Capital is guaranteeing at least $200,000 of its proceeds from the assets auction to the bankruptcy estate of S&A Restaurant Corp., the owner of the

Register to view the full article

Register to view this article

Already a member? .

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