🍕Pizza Hut Battles With Large Franchisee🍕

NPC update, FTSI prepack, Garrett Motion files for bk to jam Honeywell

⚡️Update: NPC International⚡️

On August 25, NPC International Inc., the largest Pizza Hut franchisee in the United States, filed a motion in its bankruptcy case (“Sale Motion”) to kickstart a process to sell, among other assets, its 1200 Pizza Hut restaurants. The purchase price? A minimum of $325mm. In doing so, NPC noted:

After extensive negotiations, t…