Perkins, Marie Callender’s Headed to Bankruptcy Auction Block in September

In an effort to pay off more than $114 million owed to senior lenders, the corporate parent of the Marie Callender’s and Perkins restaurant chains is closing stores and putting the operation up for sale in bankruptcy. Before filing for protection from creditors, it closed 11 Perkins and 21 Marie Callender’s restaurants. The bankruptcy timeline calls for bidding in September, with deals to close within 75 days of filing.

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