WFTV Channel 9 Orlando

See Red Lobster’s new owner

By Jason Kelly,

4 hours ago

Cheddar Bay Biscuit fans, rejoice! Red Lobster officially has a new owner.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

The seafood restaurant chain -- which is headquartered in downtown Orlando -- filed paperwork Monday in federal bankruptcy court, designating RL Purchaser LLC as its new owner, court records indicate.

RL Purchaser LLC comprises the chain’s current lenders, records said.

The proposed purchase price for the stalking horse bid is $376 million.

Read: Red Lobster announces next owner

https://img.particlenews.com/image.php?url=2pG0nU_0ual9LA900

Read: Red Lobster to offer Flavor Flav menu

Records said Red Lobster’s lenders will obtain ownership of the company in an equity transfer.

The company filed for Chapter 11 bankruptcy in May and closed numerous stores nationwide, including many in Central Florida.

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Read: 9 things to know about Red Lobster

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