U.S. Bankruptcy Court

organization

Last mentioned: Mar 17, 2026

Timeline

  1. Bankruptcy Filing

    Official Chapter 11 filing in Delaware Bankruptcy Court.

  2. Missed Payment

    Company misses a $150M interest payment on senior secured notes.

  3. Credit Downgrade

    S&P Global downgrades the company's credit rating to 'Junk' status.

  4. First Quarterly Loss

    Company reports first quarterly loss in a decade citing ingredient inflation.

Stories mentioning U.S. Bankruptcy Court 1

markets Very Bearish

World's Largest Global Pizza Chain Files for Chapter 11 Amid Debt Crisis

The world's largest global pizza chain has filed for Chapter 11 bankruptcy protection, citing an unsustainable $8.4 billion debt load and rising commodity costs. The filing marks a major turning point for the quick-service restaurant industry, signaling deep distress in the high-leverage franchise model.

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