Buca di Beppo Wins Court Approval of $36 Million Financing

Italian restaurant chain Buca di Beppo won bankruptcy court approval to tap $36.3 million in Chapter 11 financing as it attempts to sell the eatery.

• Judge Stacey G.C. Jernigan said during a Thursday court hearing she’d sign-off on Buca’s financing, which will provide the company with about $12.1 million in new money and rolls-up $24.2 million in existing debt
  • The financing is being provided by Main Street Capital Corp., according to court documents
• Buca, which filed Chapter 11 earlier this month, won court approval after resolving a challenge from a committee representing the restaurant chain’s unsecured creditors
• The financing will ...