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Houlihan’s files for bankruptcy, accepts $40M offer from Landry’s

Posted on November 20, 2019 by curata

HRI Holding Corp, aka the Houlihan’s restaurant chain, filed for Chapter 11 bankruptcy in Delaware under docket number 19-12415. The Debtor owns 47 restaurants in 14 states, under Houlihan’s, Houlihan’s Restaurant + Bar, Bristol Seafood Grill, J. Gilbert’s Wood-Fired Grill, and Devon Seafood Grill restaurants.

HRI Holding Corp owns 100% of Houlihan’s Restaurants Inc., but there are 39 separate entities, 93.4% owned by affiliates of York Capital Management.

The Debtor has an asset purchase agreement with Landry’s for a stalking horse bid for most of the assets.

Read the source article at Legal News & Business Law News
Posted in Blog

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