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Franchise Group Senior Lenders Sue Junior Creditors

By Ben Zigterman ( March 25, 2025, 5:29 PM EDT) -- First-lien lenders of debtor Franchise Group Ltd. that are owed $1 billion have filed an adversary complaint in the retail chain operator's Chapter 11 case in Delaware, saying junior lenders owed more than $100 million are seeking to cash out secured collateral in violation of an intercreditor agreement....

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