BurgerFi Designates David Heidecorn As Successor To Ophir Sternberg As Chairman Of Board
Portfolio Pulse from Benzinga Newsdesk
BurgerFi has appointed David Heidecorn as the new Chairman of the Board, succeeding Ophir Sternberg. The company has also entered into a Forbearance Agreement and Seventeenth Amendment to its credit facilities with TREW Capital Management, and both L Catterton and TREW have agreed to lend up to $4 million collectively to assist during a strategic review process.
May 30, 2024 | 8:59 pm
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BurgerFi has appointed David Heidecorn as the new Chairman of the Board, succeeding Ophir Sternberg. The company has also entered into a Forbearance Agreement and Seventeenth Amendment to its credit facilities with TREW Capital Management, and both L Catterton and TREW have agreed to lend up to $4 million collectively to assist during a strategic review process.
The appointment of a new Chairman and the financial support from L Catterton and TREW Capital are positive developments for BurgerFi. These actions indicate a strategic review process and potential stabilization of the company's financial situation, which could positively impact investor sentiment in the short term.
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