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View Full Version : Uno’s Chicago Grill chain tanks


Steve
01-20-2010, 02:48 PM
Uno’s Chicago Grill chain files for bankruptcy (http://www.msnbc.msn.com/id/34959882/ns/business-consumer_news/) - Burdened by debt from a 2005 private equity takeover, the Uno pizzeria chain's parent company filed for Chapter 11 protection Wednesday, with plans to give its lenders a controlling equity stake in exchange for debt.

It's fascinating how all this cheap and easy access to money over the past bunch of years not only led to a disastrous real estate market, it also created a lot of debt laden companies.

Here you see yet another company taken over by a private equity firm. One of the problems we see them run into time and again is they can't make the interest payments on the money they used to buy out the business.

http://blog.syracuse.com/healthfitness/2008/04/large_unos.jpg