New Filing - Cosi Inc.

Cosi, Inc.

  • 10/1/16 Recap (updated 11/29/16): Fast casual chain seeks expedited asset sale to stalking-horse lenders (who had agreed not to credit bid their debt). Outcome: no competing bid came in and so the company sold to the stalking horse bidder for $10mm, including, in the end, a credit bid, after all. 
  • Capital Structure: $31.2mm debt     
  • Company Professionals:
  • Other Parties in Interest:
    • UCC:
      • Legal: Nixon Peabody LLP (Lee Harrington, Christopher Desiderio, Christopher Fong)
      • Financial Advisor: Deloitte Financial Advisory Services LLP (John Doyle)
    • Lenders:
    • JPMorgan Chase Bank
      • Legal: Morgan Lewis & Bockius LLP (Andrew Gallo, Christopher Carter)