Case filing & court posture: Hooters of America, LLC and over 30 affiliated debtors filed chapter 11 on March 31, 2025, in the United States Bankruptcy Court for the Northern District of Texas. Dkt. 1 Judge Scott W. Everett presides.
Liquidity & financing path: The debtors obtained an $80 million DIP facility from Celtic Master Fund LP, including $35 million in new money. Dkt. 98 The court entered an interim DIP order on April 3, 2025, followed by a final order on May 16, 2025. Dkt. 299
Restructuring outcome: The debtors pursued a plan-based reorganization. Dkt. 1146 The court confirmed the Fourth Amended Joint Chapter 11 Plan of Reorganization via cramdown on October 30, 2025, providing for senior noteholder treatment through new notes and junior noteholder recovery via new notes plus 50% equity.
Plan effective date & post-confirmation: The plan became effective on October 31, 2025. The reorganized debtors continue to operate as post-effective entities.
Current status: The case remains active in post-confirmation administration. No final decree has been entered as of February 2026.
