New Delaware Chapter 11 Filing – Mac Acquisition LLC
Mac Acquisition LLC (dba Romano’s Macaroni Grill), along with eight affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-12224). According to the First Day Declaration, Mac enters Chapter 11 with a prepacked plan of reorganization and a Restructuring Support Agreement with two of its largest secured creditors. Mac also enters Chapter 11 with proposed debtor-in-possession financing in the amount of $5 million. In the Petition, Mac reports between $10 – $50 million in assets and $50 – $100 million in liabilities. Donlin Recano is the proposed claims and noticing agent. The cases have been assigned to the Honorable Kevin Gross.
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