DALLAS: TGI Friday’s Inc is seeking financing as the casual-dining chain prepares to file for bankruptcy protection in coming weeks, according to people with knowledge of its plans, after struggling to turn around a business pressured by customers’ tighter budgets and preference for faster food.
The company is huddling with lenders in search of a loan that would help it continue running restaurants through the Chapter 11 process and emerge as an operating company, said the people, who asked not to be named discussing confidential information.
