Checkers Drive-In Restaurants Seek Help from Financial Advisers

See the source image

Checkers Drive-In Restaurants Inc. have sought out financial advisers in order to help them maneuver through the effects of the coronavirus pandemic. Their private-equity owner, Oak Hill Capital Partners, hired both an investment banker and turnaround adviser to investigate possible restructuring. Since being bought in 2017, with the sale-increase of over 3%, Checkers must still dissolve $300 million in debt that is hindering from the acquisition. 79% of the Checkers division was franchised with about 584 operating US locations. At this time, the spokesperson for the company has not mentioned whether the employees will be affected by this restructuring process.

Is bankruptcy becoming your only option? Contact our office at 816-524-4949 or you can visit our website at to schedule an appointment.  

This entry was posted in General and tagged , . Bookmark the permalink.

Leave a Reply