A Kansas company that owns hundreds of Pizza Hut and Wendy’s franchises, including numerous Wendy’s locations in the Harrisburg area, has filed for Chapter 11 bankruptcy.
NPC International announced on Wednesday that it has entered into a restructuring support agreement. NPC and certain of its affiliates and subsidiaries filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.
“We are very pleased with the support we are receiving from our senior lenders, which demonstrates their confidence in NPC and our potential for long-term success once we get the company in a stronger financial position,” Carl Hauch, CEO and president of NPC’s Wendy’s division said in a press release. “The Wendy’s business remains strong and resilient and is already recovering from the impact of the pandemic to produce year-over-year growth. We look forward to continuing our discussions with our brand partners, landlords and other creditor groups and are confident that we will be able to work collaboratively to agree on a long-term plan that is in the best interests of all stakeholders.”
NPC said its Pizza Hut and Wendy’s restaurants throughout the country remain open for business on regular schedules.
The company has 39 Wendy’s location within 40 miles of Harrisburg, including multiple locations on the East shore and the West Shore, according to its website.
NPC International said it is the largest franchisee of any restaurant concept in the United States, based on unit count, and the fifth largest restaurant unit operator, based on unit count, in the country.
The Company has approximately 7,500 full time employees and approximately 28,500 part time employees, and operates in 30 states and District of Columbia. NPC currently operates more than 1,225 Pizza Hut units in 27 states and more than 385 Wendy’s units in 8 states.
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