Real Mex Restaurants Files Chapter 11
Real Mex Restaurants, which is backed by Sun Capital Partners, said Tuesday that it has filed for chapter 11 bankruptcy protection. GE Capital has committed to fund a $49 million DIP loan for Real Mex. Cypress, Calif.-based Real Mex said it's also exploring a deal to sell all of its assets. Real Mex owns El Torito Restaurants, Acapulco Mexican Restaurants, Chevys Fresh Mex, Sinigual Restaurants as well as Las Brisas Restaurant in Laguna Beach. Sun Capital, a Boca Raton, Fla.-based PE firm, also owns Friendly's, which is believed to be near filing for Chapter 11.
4 October 2011•4 mins read
