Burger bargain. (Retail).The first deal might have fallen through, but Prandium Inc. is still shopping its 14 Hamburger Hamlets. The sale of the restaurants, most of them in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is necessary so that Prandium can pay off bondholders and then enter into voluntary Chapter 11 bankruptcy protection. Prandium, which also owns Koo Koo Roo, a fast-food chain, and Chi-Chi's, a Mexican-food chain, had expected to sell the Hamburger Hamlets to Othello Holding Corp. of Los Angeles. But the deal fell through, said Robert Carl Robert Carl (b.1954) received his musical training at Yale, Penn, and the University of Chicago. He also studied in Paris during 1980-1 as a Lurcy Fellow at the Conservatoire Nationale Supérieure and the Sorbonne. , a spokesman for Irvine-based Prandium. Prandium has been in financial difficulties for some time, defaulting last year on its longterm loans held with Foothill Capital Corp., Carl said. The company wants to reorganize to restructure its loans at a lower interest rate, he said. But the prepackaged bankruptcy Prepackaged Bankruptcy When acompany prepares a reorganization plan that is negotiated and voted on by creditors and shareholders before the company actually files for bankruptcy. is contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent selling Hamburger Hamlets. Prandium officials said they were talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to other companies interested in purchasing the hamburger chain. Prandium sold its 100-unit El Torito eateries in 2000. It has 140 Chi-Chi restaurants and 43 Koo Koo Roo fast-food chicken restaurants. |
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