Perkins & Marie Callender’s exits Ch. 11

Perkins & Marie Callender’s Inc., the owner and franchisor of Perkins and Marie Callender’s restaurants, has emerged from Chapter 11 bankruptcy protection with its debt load reduced by more than $200 million.

The nearly 600-unit family-dining company filed for bankruptcy on June 13, followed immediately by the shuttering of some 65 restaurants. The court approved its restructuring plan last month.

As previously reported, Wayzata Investment Partners LLC

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