Real Mex Files Bankruptcy
Sun Capital continues to implode.
The 72% owner of Real Mex Restaurants Inc filed for Chapter 11 protection on Tuesday. Both Real Mex and its affiliates are covered by the bankruptcy. The consortium led by GE Capital is owed $37 million and the second largest creditor is Blue Cross of California at a little over a million dollars. The Board had approved the filing at a meeting in mid-September. GE Capital is reported to be providing debtor in posession (DIP) financing while Real Mex seeks a buyer.
Sun Capital is also likely to place Friendly's Ice Cream in Chapter 11 within a few weeks.
| Attachment | Size |
|---|---|
| Real Mex CHAP 11 PETITION.pdf | 281.74 KB |
| Real Mex LARGEST UNSECURED CREDITORS.pdf | 249.87 KB |
| Real Mex AFFILIATED ENTITIES.pdf | 140.31 KB |
| Real Mex BOARD MINUTES.pdf | 575.51 KB |
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