Melville-Based Sbarro Eyes Exit From Bankruptcy

Summary


Melville-based Sbarro will offer a plan to get out of bankruptcy at a court hearing Tuesday, according to published reports.

Lenders would assume partial ownership of the reorganized restaurant chain in exchange for a reduction of debt and an additional $35 million in new capital.

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Extract


Melville-Based Sbarro Eyes Exit From Bankruptcy

The court had previousl...

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