LEAWOOD, Kan.–(BUSINESS WIRE)–Jul 1, 2020–
NPC International, Inc. (NPC or the Company) today announced that it has entered into a restructuring support agreement (RSA) with lenders holding approximately 100% of the Companys first lien priority debt and 70% of its first lien debt (collectively, the Senior Secured Lender Group) to substantially reduce NPCs long-term debt and strengthen the Companys capital structure. NPC and the Senior Secured Lender Group contemplate that the terms of the RSA would become part of a comprehensive Chapter 11 plan to restructure the Companys balance sheet and optimize its portfolio of restaurants throughout the country.
Accordingly, today NPC and certain of its affiliates and subsidiaries filed volunt…
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