Romano’s Macaroni Grill Emerges from Chapter 11 Protection
23 February 2018 - 11:45AM
Business Wire
Romano’s Macaroni Grill, the award winning Italian casual dining
chain, today announced its emergence from Chapter 11 bankruptcy.
Romano’s Macaroni Grill has been a pioneer in the space and has
successfully leveraged the court administered restructuring process
to shed legacy liabilities and significantly strengthen the
Company, amid industry headwinds.
The Company filed for Chapter 11 protection on October 18, 2017
and emerged from bankruptcy on February 15, 2018. The Company
successfully renegotiated lease terms, vendor contracts and secured
$13.5MM in new capital to both fund the restructuring efforts and
invest directly in the Company in the form of human capital and
systems.
“Macaroni Grill is without a doubt one of the premier Italian
dining options in the industry. The Company has forged the path for
Italian dining with ingredients coming straight from Italy and an
environment that is focused on genuine hospitality and generosity.
Through the restructuring and turnaround process, the Company has
firmly re-established itself and the results have been tremendous,
which is a testament to the brand, our team and our loyal guests,”
said Nishant Machado of Mackinac Partners who serves as CRO and CEO
of Macaroni Grill.
Romano’s Macaroni Grill is focused on the future and on
continuing to exceed guests’ expectations with its award-winning
food and dedication to hospitality.
About Romano’s Macaroni Grill®
Romano’s Macaroni Grill is an Italian restaurant brand
founded in 1988. Inspired by Italian country cuisine, Macaroni
Grill restaurants feature an open kitchen that allows guests to see
its ingredients and preparation techniques that blend Italian
traditions with progressive culinary inspiration, in a polished
casual atmosphere. Named the No. 1 Italian Restaurant Chain in
America in 2016 in a Nation's Restaurant News consumer survey,
Macaroni Grill has 86 company-owned locations in 22 states, plus 21
franchise locations in the U.S. and 7 other countries.
For more information, connect with Macaroni
Grill on Facebook or follow on Twitter or Instagram.
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version on businesswire.com: http://www.businesswire.com/news/home/20180222006682/en/
for Romano’s Macaroni GrillJordan Jackson,
303-406-8839Jordan@fitzgeraldpetersen.com