Gulf
Atlantic Capital Restructures Second Largest Denny’s Franchisee.
Phoenix, Arizona
Financial Restructuring
$55,000,000
Gulf Atlantic Capital acted as restructuring advisor to the Company.
Gulf
Atlantic Capital Restructures Second Largest Denny’s Franchisee.
Gulf Atlantic Capital was retained by Huntington Restaurant Group, the second largest Denny’s franchisee, to assist in restructuring the Company’s store financing and lease arrangements.
Developed comprehensive analysis of the Company’s operating cash flows and store performance to develop a sustainable debt servicing capacity for each store grouping.
Evaluated store performance and assisted management in determining the viability of marginal locations and in implementing a strategy to sell or close certain locations.
Presented a comprehensive restructuring plan to the Company’s lessors and lenders based on the Company’s sustainable cash flow.
