Checkers & Rally's Sees Comparable Sales Spike as It Looks to Restructure Debt

The fast food chain is addressing its debt to make way for growth

Driving relevance means driving growth. Join global brands and industry thought leaders at Brandweek, Sept. 11–14 in Miami, for actionable takeaways to better your marketing. 50% off passes ends April 10.

Checkers & Rally’s has hired advisers to restructure its debt in the coming weeks, CMO Dwayne Chambers confirmed to Adweek.

The drive-thru restaurant chain has aggressive growth plans for the next three to five years. Such growth, however, will require an injection of capital, which in turn will necessitate a restructuring of the company’s existing debt, Chambers said.

The fast-food company, backed by private equity firm Oak Hill Capital, hired investment bank Miller Buckfire & Co. and restructuring adviser Mackinac Partners to explore its options, according to The Wall Street Journal.

Checkers & Rally’s, which was marked as distressed before the pandemic by the major



Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in