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Sbarro Files Amended Reorganization Plan

According to Business Week, “Pizza and pasta chain Sbarro Inc., which filed for bankruptcy protection in April, said Friday that it filed an amended reorganization plan that would allow it to emerge with less debt.”

“The company said it plans to exit bankruptcy protection in the fourth quarter with $110 million in debt. The debt will be made up of $35 million in loans, and $75 million in debt from the credit facility in had prior to filing for bankruptcy protection, Sbarro said.”