Quiznos Completes Financial Restructuring

Quiznos announced it has successfully completed its financial restructuring and emerged from Chapter 11.

Bloomberg: Court Approves Quiznos Recovery Plan

Bloomberg reported that Quiznos received bankruptcy court approval of a recovery plan that cuts debt by more than $400 million.

FinalCut: Quiznos Files for Prepackaged Chapter 11

ABF Journal illustrator Jerry Gonzalez provides his take on Quiznos’ pre-packaged restructuring plan.

WSJ: Quiznos Delays Chapter 11 Exit

The Wall Street Journal reported Quiznos is pushing off until May a key court hearing on its bankruptcy exit plan after unsecured creditors asked for more time to probe its restructuring strategy.

Quiznos Gets Court Approval to Access DIP Financing

Quiznos announced that the U.S. Bankruptcy Court in Wilmington, DE granted the company’s request to access up to $10 million of the $15 million DIP financing committed by its senior lenders.