Deals
Salt Bae Restaurant’s Owner to Start Talks on $2.5 Billion Debt
- Dogus said to seek extending duration of debt by three years
- Billionaire Sahenk’s firm asking to delay capital payments
Nusret Gokce or 'Salt Bae' works during an event with Olympic athlete Simone Biles in Monaco in 2017.
Photographer: Stuart C. Wilson/Getty Images for Laureus
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Turkish billionaire Ferit Sahenk’s Dogus Holding AS will this week start talks with a dozen local lenders to restructure about 40 percent of its outstanding borrowings, people with knowledge of the matter said.
The group, which owns restaurant chains including Zuma and Nusr-Et -- known for its founder chef’s meme “Salt Bae” -- is negotiating debt of as much as $2.5 billion, said the people, who asked not to be identified because the deliberations are private.