Mealey's Bankruptcy - Quiznos Seeks $40M In Post-Petition, Exit Financing Under Restructuring Plan

Mealey's Bankruptcy - Quiznos Seeks $40M In Post-Petition, Exit Financing Under Restructuring Plan

WILMINGTON, Del. - QCE Finance LLC, an affiliate of bankrupt chain restaurant Quiznos Global LLC, on March 19 moved in the U.S. Bankruptcy Court for the District of Delaware for authorization to assume a restructuring agreement that would provide a total of $40 million in post-petition financing - also called debtor-in-possession (DIP) financing - and exit financing (In Re: QCE Finance LLC, No. 14-10543, Chapter 11, D. Del. Bkcy.).

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