New York CNN —
Two months after filing for bankruptcy, Red Lobster is close to emerging with a new owner.
Red Lobster said this week in a court filing that it will accept an existing sale offer from Fortress Credit Corp., a lender experienced in restaurant management, after the seafood chain did not receive any other acquisition bids. A hearing has been set for next week for a judge to approve the sale.
Fortress is one of Red Lobster’s largest lenders and has financed the restaurant chain’s operations, including a new $100 million loan that allowed
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