Quiznos seeks to restructure debt

Quiznos seeks to restructure debt

Sandwich chain negotiates with lenders as it struggles to spark turnaround

For the second time in two years, Quiznos is seeking to restructure its debt load as the sandwich chain struggles to spark a turnaround.

According to a recent report in the Wall Street Journal that cited unnamed sources, the Denver-based chain recently missed a payment on a loan and has been working with its creditors to restructure some or all of its nearly $600 million in debt.

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