Wed 01/19/2022 17:38 PM
Share this article:
An ad hoc group of lenders to quick-service restaurant franchise Dhanani Group has asked an external counsel to conduct due diligence after the family-owned company recently made an $85 million distribution to its shareholders, according to sources.

The Popeyes, Burger King and La Madeleine operator subsequently used some of those proceeds to acquire additional restaurants and then used those assets to raise debt, the sources said.

The lenders to the cov-lite $420 million L+375 bps...
Share this article:
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!