- BurgerFi, a popular fast-casual burger chain is running out of money, and unfortunately, options.that if it “does not receive adequate relief from its senior lender” or other cash from outside providers or selling off its assets, it “may seek protection under applicable bankruptcy laws.”
As part of its credit agreement, the company’s senior lender can declare the debt due and payable immediately at any time, CNN reported. Because of the company’s dire financial situation, BurgerFi is uncertain if it can continue to operate its 60 pizza stores and 102 burger restaurants.
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