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Prospect News home > News index > List of issuers A > Headlines for Avado Brands, Inc. > News item
Published on 9/29/2008 in the Prospect News Distressed Debt Daily.

Avado Brands DIP loan maturity extended to Dec. 1

By Caroline Salls

Pittsburgh, Sept. 29 - Avado Brands, Inc. debtor-in-possession facility agent DDJ Capital Management LLC has agreed to extend the maturity of the company's $67 million DIP loan to Dec. 1, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

DDJ also approved Avado's proposed wind-down budget.

Avado, a Madison, Ga., restaurant company, filed for bankruptcy on Sept. 5, 2007. Its Chapter 11 case number is 07-11276.


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