BurgerFi International Shares Are Trading Higher Today: What You Need To Know
BurgerFi International Shares Are Trading Higher Today: What You Need To Know
BurgerFi International Inc. (NASDAQ:BFI) shares are rising on Monday, after the company announced it had secured interim court approval for $3.5 million in financing. This funding is a critical lifeline as BurgerFi navigates its Chapter 11 restructuring process, aiming to keep the doors open at its 144 locations across the country.
BurgerFi International Inc. （納斯達克：BFI）股價週一上漲，因爲該公司宣佈獲得了350萬美元的臨時法庭批准融資。這筆資金對BurgerFi在其跨國144個門店上進行第11章節重組過程中的生存至關重要，旨在保持國內的門店繼續營業。
What To Know: The financing, provided by an affiliate of TREW Capital Management, is part of a debtor-in-possession (DIP) loan designed to give the company the liquidity necessary to stabilize operations and continue serving customers without interruption. The court also approved BurgerFi's request to maintain existing employee benefits, cash management systems and customer programs, further ensuring that daily operations will proceed smoothly during the restructuring period.
了解以下內容：該融資是由TREW Capital Management的關聯公司提供的，是一筆債權人保護（DIP）貸款的一部分，旨在爲該公司提供所需的流動性，以穩定運營並在重組期間繼續爲顧客提供服務。法庭還批准了BurgerFi的請求，以維持現有的員工福利、現金管理系統和顧客計劃，進一步確保在重組期間日常運營順利進行。
"This is a major milestone for us," said Carl Bachmann, CEO of BurgerFi International. "Our goal throughout this process has been to ensure that our employees, customers and franchise partners feel no impact from the transition into Chapter 11. With this approval, we have the financial backing to continue operating without disruption."
BurgerFi International首席執行官Carl Bachmann表示：「這對我們來說是一個重要的里程碑。我們在整個過程中的目標是確保我們的員工、顧客和特許經營夥伴不受進入第11章節的影響。通過這項批准，我們有了資金支持，可以繼續無縫運營。」
In addition to the interim financing, BurgerFi plans to pursue a sale process with the backing of its lenders. The court is scheduled to hold a "second day" hearing on October 7 2024, where the company will seek final approval of its restructuring proposals.
除了臨時融資，BurgerFi還計劃在其貸款人的支持下進行銷售過程。法院計劃於2024年10月7日舉行「第二天」聽證會，公司將尋求對其重組提案的最終批准。
The company's restructuring efforts also include leadership changes, as David Heidecorn recently stepped down from his role as Chairman and an independent member of the Board of Directors. Despite the challenges, BurgerFi remains committed to its long-term strategy and continues to explore new avenues for growth through its brands—BurgerFi and Anthony's Coal Fired Pizza & Wings.
該公司的重組努力還包括領導層變動，最近，David Heidecorn辭去了董事會主席和獨立董事的職務。儘管面臨挑戰，BurgerFi仍致力於其長期策略，並通過其品牌BurgerFi和Anthony's Coal Fired Pizza & Wings繼續探索新的增長途徑。
What Else: Chief Restructuring Officer Jeremy Rosenthal noted that the approval of the DIP financing gives the company the ability to meet its operational needs, including ongoing relationships with vendors and landlords. "We now have the liquidity for operations at BurgerFi and Anthony's to continue as usual," Rosenthal said.
其他信息：首席重組官Jeremy Rosenthal指出，DIP融資的批准使公司能夠滿足其運營需求，包括與供應商和房東的持續關係。「現在我們有了BurgerFi和Anthony's的運營流動性，可以像往常一樣運營，」Rosenthal表示。
BurgerFi, which filed for Chapter 11 bankruptcy protection on September 11 2024, operates 93 BurgerFi locations and 51 Anthony's Coal Fired Pizza & Wings restaurants. The company is known for its commitment to high-quality, fresh ingredients, including 100% American Angus Beef free of steroids, antibiotics and hormones.
BurgerFi於2024年9月11日申請了第11章破產保護，並經營着93家BurgerFi餐廳和51家Anthony's Coal Fired Pizza & Wings餐廳。該公司以其致力於高品質、新鮮的食材而聞名，包括不含類固醇、抗生素和激素的100%美國安格斯牛肉。
BFI Price Action: BurgerFi International shares were up by 89.4% at 22 cents according to Benzinga Pro.
BurgerFi International的股價在Benzinga Pro上漲了89.4%，達到22美分。
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譯文內容由第三人軟體翻譯。