{"id":366667,"date":"2011-04-04T12:37:25","date_gmt":"2011-04-04T12:37:25","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/"},"modified":"2011-04-04T12:37:25","modified_gmt":"2011-04-04T12:37:25","slug":"pizza-chain-sbarro-files-for-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/","title":{"rendered":"Pizza chain Sbarro files for bankruptcy protection"},"content":{"rendered":"<p><div readability=\"46.668126094571\"><span id=\"fb-recommend\"\/><br \/>\n<span>By Aaron Smith, staff writer<\/span><span>April 4, 2011: 8:36 AM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><\/p>\n<p>NEW YORK (CNNMoney) &#8212; Sbarro Inc., a pizza and pasta fast-food chain popular in malls and airports, said Monday that it has filed for Chapter 11 bankruptcy protection.<\/p>\n<p>The company also said it is seeking court approval for an agreement with lenders for $35 million in financing to help it emerge from bankruptcy. The financing is part of a plan to eliminate $200 million worth of debt, paring its debt to about $175 million.<\/p>\n<p>Sbarro said it expects to continue operating its outlets without interruption during the bankruptcy process.<\/p>\n<p>&#8220;We believe this plan represents the best opportunity for Sbarro to clear a path for future growth by restructuring its debt in an effective and timely manner,&#8221; said Sbarro Chief Executive Nicholas McGrane, in a press release.<\/p>\n<p>Based in Melville, N.Y., the company said it has more than 1,000 outlets in more than 40 countries.\u00a0<a href=\"http:\/\/money.cnn.com\/2011\/04\/04\/news\/companies\/sbarro_bankruptcy\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p><!--endclickprintexclude--><\/div>\n<\/p>\n<p>Link:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/tfysXPfRsl0\/index.htm\" title=\"Pizza chain Sbarro files for bankruptcy protection\" rel=\"noopener noreferrer\">Pizza chain Sbarro files for bankruptcy protection<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> By Aaron Smith, staff writer April 4, 2011: 8:36 AM ET NEW YORK (CNNMoney) &#8212; Sbarro Inc., a pizza and pasta fast-food chain popular in malls and airports, said Monday that it has filed for Chapter 11 bankruptcy protection. The company also said it is seeking court approval for an agreement with lenders for $35 million in financing to help it emerge from bankruptcy. The financing is part of a plan to eliminate $200 million worth of debt, paring its debt to about $175 million<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-366667","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pizza chain Sbarro files for bankruptcy protection - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Pizza chain Sbarro files for bankruptcy protection - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"By Aaron Smith, staff writer April 4, 2011: 8:36 AM ET NEW YORK (CNNMoney) -- Sbarro Inc., a pizza and pasta fast-food chain popular in malls and airports, said Monday that it has filed for Chapter 11 bankruptcy protection. 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The financing is part of a plan to eliminate $200 million worth of debt, paring its debt to about $175 million\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Pizza chain Sbarro files for bankruptcy protection\",\"datePublished\":\"2011-04-04T12:37:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/\"},\"wordCount\":162,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/\",\"name\":\"Pizza chain Sbarro files for bankruptcy protection - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\",\"datePublished\":\"2011-04-04T12:37:25+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/#primaryimage\",\"url\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\",\"contentUrl\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pizza chain Sbarro files for bankruptcy protection - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/04\/04\/pizza-chain-sbarro-files-for-bankruptcy-protection\/","twitter_card":"summary_large_image","twitter_title":"Pizza chain Sbarro files for bankruptcy protection - Ghanamma.com","twitter_description":"By Aaron Smith, staff writer April 4, 2011: 8:36 AM ET NEW YORK (CNNMoney) -- Sbarro Inc., a pizza and pasta fast-food chain popular in malls and airports, said Monday that it has filed for Chapter 11 bankruptcy protection. 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