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Red Lobster sees its ‘most challenging time’ as $355m loan looms

The 700-restaurant operator borrowed $380 million and still has $355m outstanding, which comes due in July 2021, ratings agency Moody's Investor Service said in a June statement

By Undercurrent News | Aug. 17, 2020 18:23 BST
Lobsterfest 2019 has begun. Image from Red Lobster website.
Lobsterfest image, from Red Lobster website
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Lobsterfest 2019 has begun. Image from Red Lobster website.

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A Red Lobster restaurant in New York, US. Red Lobster is owned by Thai Union Group. Credit: pisaphotography/Shutterstock.com

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Thai Union Group-backed restaurant chain Red Lobster Seafood Co is facing the "most challenging time" in its history, its CEO has said [...]

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