Reorg Credit Intelligence – 7/5/2021
Fiesta Restaurant Group Agrees to
Sell Taco Cabana Business to Yadav Enterprises Affiliate for $85M
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Fiesta Restaurant Group announced that it had agreed to sell all of the outstanding equity of Taco Cabana Inc. to an affiliate of Yadav Enterprises – a restaurant franchisee company that operates more than 300 locations throughout the United States under a variety of brands, including Jack in the Box, Denny’s and TGI Friday’s – for a cash purchase price of $85 million. The transaction is expected to close in the third quarter of 2021. To read our Americas Covenants team’s full analysis of the Fiesta Restaurant Group’s decision to sell Taco Cabana click here.
Contact: Matt Danese
mdanese@reorg.com
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