Brief: Burgerfi To Consider Strategic Alternatives

Burgerfi International

30/05/2024 23:27

Burgerfi International Inc  BFI.O :
    * BURGERFI TO CONSIDER STRATEGIC ALTERNATIVES
    * BURGERFI INTERNATIONAL INC - ENTERS RETENTION AGREEMENTS
WITH
EXECUTIVE LEADERSHIP TO ENSURE STEADY LEADERSHIP
    * BURGERFI INTERNATIONAL INC - DESIGNATES DAVID HEIDECORN AS
SUCCESSOR TO OPHIR STERNBERG AS CHAIRMAN OF BOARD
    * BURGERFI FORMS SPECIAL COMMITTEE FOR STRATEGIC REVIEW
    * BURGERFI INTERNATIONAL- ENTERED FORBEARANCE AGREEMENT &
SEVENTEENTH AMENDMENT TO CREDIT FACILITIES WITH TREW CAPITAL
MANAGEMENT PRIVATE CREDIT 2 LLC
    * BURGERFI INTERNATIONAL INC - L CATTERTON AND TREW HAVE
EACH
AGREED TO LEND UP TO $2 MILLION TO ASSIST COMPANY DURING THIS
STRATEGIC REVIEW PROCESS
    * BURGERFI INTERNATIONAL INC -  ENTERED INTO SEPARATE
RETENTION
AGREEMENTS WITH CEO, CARL BACHMANN, AND CFO, CHRISTOPHER E.
JONES

Source text for Eikon:  ID:nGNXbWxzGQ 
Further company coverage:  BFI.O