Chicago, IL – January 12, 2026 – SOLIC Capital Advisors served as investment banker to Hooters of America, LLC (“Hooters”), a leading casual dining restaurant franchisor and operator, in connection with its successful Chapter 11 sale and restructuring.
On October 31, 2025, Hooters completed a court-approved Chapter 11 plan sale and restructuring implemented via a confirmed plan of reorganization. The transaction, included a $85 million debtor-in-possession (“DIP”) financing facility, the acquisition of company owned stores by a buyer group comprised of two existing franchisees, the creation of a royalty collecting entity acquired by the secured lender and subset of securitized notes holders, and the issuance of new securitized notes in exchange for approximately $300 million of pre-petition Whole Business Securitization (“WBS”) notes.
The transaction enabled Hooters to transition to an asset-light model, streamline corporate overhead, and preserve operations across 260+ global locations.
SOLIC is proud to have served as investment banker to Hooters and its Board during this complex process.
About SOLIC Capital Advisors
SOLIC Capital Advisors is a leading investment banking and financial advisory firm specializing in complex restructurings, mergers and acquisitions, and capital markets transactions. SOLIC provides strategic and financial advice to companies, investors, and creditor groups across a wide range of industries. The firm is recognized for its deep expertise in special situations and its ability to deliver creative, value-maximizing solutions in challenging environments. For more information, visit www.soliccapital.com.