Last Call secures exclusivity extension to determine exit strategy

By Caroline Salls

Pittsburgh, Dec. 13 – Last Call Guarantor, LLC received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Last Call’s exclusive filing period was extended by 90 days through March 8 and the solicitation period through May 8.

Since it filed for bankruptcy, the company said it has focused its efforts on resolving issues with its pre-bankruptcy lenders and implementing and executing a sale process.

Last Call said the sale and discussions with its official committee of unsecured creditors will influence the exit strategy for its Chapter 11 cases.

“The debtors intend to use this and any further extensions of the exclusive periods to complete the transition of their business to the purchaser and to consult with the committee to formulate an appropriate exit strategy,” the motion said.

Last Call, the owner of Fox & Hound Restaurant, Bailey’s Sports Grille and Champps Kitchen, is a Dallas-based restaurant operator. The company filed bankruptcy on Aug. 10 under Chapter 11 case number 16-11844.

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