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

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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

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