AMERICAS DISTRESS DAILY: Burger King Franchisee Gets Debt Help

GPS Hospitality LLC, which operates networks of fast-food chains Burger King and Popeyes Louisiana Kitchen, is huddling with advisers about how to manage a shrinking cash pile amid revenue headwinds.

The Atlanta-based franchisee tapped law firm Paul Hastings and investment bank Houlihan Lokey Inc. for help managing its debt load and the risk of breaching some of its terms. A group of creditors to GPS is working with lawyers at Paul Weiss Rifkind Wharton & Garrison for advice on options and to protect their interests.

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