Food & agriculture coverage

Red Lobster: Lender Group Takes Reorganized Equity, Unsecured Creditors Recover via Trust

Red Lobster filed chapter 11 in M.D. Florida on May 19, 2024, with an RSA already in place. The case confirmed September 6, 2024, transferring reorganized equity to a Fortress-led lender group; unsecured creditors recover through a litigation trust backed by equityholder claims.

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