Red Lobster Hooks Global Ch. 11 Deal On DIP Compromise

By Hilary Russ · June 14, 2024, 7:44 PM EDT

Red Lobster said Friday it reached a global deal with creditors, lenders and landlords that clears the way for a consensual Chapter 11 reorganization, after resolving disputes over a bankruptcy financing...

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Bankruptcy Scorecard

Summary

The Red Lobster seafood restaurant chain filed for Chapter 11 protection in a Florida bankruptcy court with $294 million in debt and sale plans, saying its problems included its equity owner and shrimp supplier possibly pushing it into a disastrous all-you-can-eat shrimp offer.

Case Number

6:24-bk-02486

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Middle District of Florida

Capital Structure

Total Liabilities:

$294 million in debt

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Documents

Related Sections

Case Information

Case Title

Red Lobster Management LLC

Case Number

24-2486

Court

Florida Middle

Nature of Suit

Date Filed

May 19, 2024

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