Perkins & Marie Callender’s granted $16M

Ch. 11 proceedings continue, restaurant chains will operate with financing

A U.S. Bankruptcy Court has authorized Perkins & Marie Callender’s Inc. to gain access to $16 million in financing so that the parent of two family-dining chains can remain functional during its Chapter 11 bankruptcy restructuring.

The approval, according to a company statement Wednesday, allows Perkins & Marie Callender’s to access up to $16 million under a new $21 million debtor-in-possession credit facility from Wells Fargo Capital Finance. The company can

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