Quiznos Reaches Agreement With Lenders, Equity Partners

Quiznos has reached an agreement with lenders and equity partners, the sandwich chain said.

The company looks “forward to continuing to work constructively together to establish a framework that will position Quiznos and our franchisees for future growth and success,” according to the e-mailed statement today.

The Wall Street Journal reported yesterday that Quiznos is struggling with its two-year-old turnaround and seeking concessions from creditors owed almost $600 million.

Elizabeth Sapp, a spokeswoman for the company, declined to comment beyond the statement.

To contact the reporter on this story: Mary Childs in New York at mchilds5@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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