Reported Earlier, BurgerFi Receives Interim Approval For $3.5M Financing To Support 144 Locations During Restructuring
Portfolio Pulse from Benzinga Newsdesk
BurgerFi has received interim court approval for $3.5 million in debtor-in-possession financing to support its restructuring efforts across 144 locations. This financing will help stabilize operations and maintain brand standards.
September 17, 2024 | 6:26 am
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BurgerFi has been granted interim court approval for $3.5 million in DIP financing, which will provide the necessary liquidity to stabilize operations during its restructuring process.
The approval of $3.5 million in DIP financing is crucial for BurgerFi as it provides the liquidity needed to stabilize operations and continue meeting brand standards during restructuring. This is a positive development for the company, indicating a potential short-term stabilization in its financial situation.
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