Bar Louie to Continue Normal Operations During Chapter 11 Restructuring
To facilitate the financial restructuring, Bar Louie has voluntarily filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware. This process is not expected to impact the company's day-to-day operations. Prior to the filing, Bar Louie closed underperforming locations to enhance its financial stability.
The company has secured commitments from its lender for debtor-in-possession (DIP) financing, ensuring it can maintain operations, complete the restructuring process, and meet obligations to employees and suppliers.
Court filings and related documents can be accessed through the claims agent, Stretto, Inc., at https://cases.stretto.com/barlouie.
Company Advisors
Raines Feldman Littrell LLP is serving as legal counsel for Bar Louie.
About Bar Louie
Founded in downtown
For more information, visit www.barlouie.com.
Media Contact:
[email protected]
View original content:https://www.prnewswire.com/news-releases/bar-louie-to-continue-normal-operations-during-chapter-11-restructuring-302413773.html
SOURCE Bar Louie
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