David B. Stratton, a partner with Pepper Hamilton’s Corporate Restructuring and Bankruptcy Practice Group, was quoted in the November 6, 2018 Law360 article, "Papa Gino's to Pursue Sale of 141 Remaining Restaurants."
Wynnchurch attorney David B. Stratton of Pepper Hamilton LLP said his client was ready to put up nearly $14 million of new money in DIP financing and was eager for a fair and efficient sale process.
“To be honest, we’d like to be outbid,” Stratton said of Wynnchurch. “We’re here for financial reasons, and if someone wants to pay more money for 141 pizza stores and sub shops, that’s great.”
Stratton said Wynnchurch had no problems with the economics of the program and was supportive of the relatively large payments in the interim period to prevent any further disruption in the debtor’s business.