Metromedia hearing for final DIP loan approval continued to Dec. 19

By Jennifer Lanning Drey

Portland, Ore., Nov. 18 - Metromedia Steakhouses Co., LP's hearing for final approval of its $2.4 million debtor-in-possession financing was continued to Dec. 19, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company gained interim access to the facility on Nov. 14.

The hearing for final approval was originally scheduled for Tuesday.

Metromedia is a steakhouse company based in Plano, Texas, that operates restaurants under the names Ponderosa Steakhouse and Bonanza Steakhouse. The company filed for bankruptcy on Oct. 22. Its Chapter 11 case number is 08-12490.

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