Rubio’s Restaurants Inc. has agreed to sell the operations and business of its fast casual Mexican restaurant chain in California and Arizona to an affiliate of TREW Capital Management Private Credit LLC for $40 million.
TREW Capital is slated to acquire the bulk of the restaurant chain, which operates as Rubio’s Coastal Grill, by forgiving a portion of the company’s secured debt, according to a notice filed Wednesday in the US Bankruptcy Court for the District of Delaware.
Run by Jeff Crivello, the former CEO of barbecue restaurant chain Famous Dave’s, TREW Capital snapped up $72 million worth of Rubio’s ...
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