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Reported Earlier, BurgerFi Receives Interim Approval For $3.5M Financing To Support 144 Locations During Restructuring

Author: Benzinga Newsdesk | September 17, 2024 02:26am

The Court granted interim approval for the Company to immediately access $3.5 million of the debtor-in-possession (DIP) financing provided by an affiliate of TREW Capital Management. The Court also approved the use of the Company's existing employee benefits, cash management systems, and customer programs. With the DIP financing approved by the Court, the Company has the liquidity to stabilize its operations and work with its vendors and landlords to meet the high standards for the BurgerFi and Anthony's brands. 

Posted In: BFI


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