Circle K Misses Debt Payment: Circle K...
- Share via
Circle K Misses Debt Payment: Circle K Corp., the embattled convenience store group that has been struggling to surmount its huge debt, said it missed an interest payment due on $125 million of debt. It said it has 30 days to make the payment before default is declared. Phoenix-based Circle K, the nation’s second-largest operator of convenience stores, also said it would soon file a debt restructuring proposal involving standstill and other arrangements with its senior lenders and an exchange offer for its debt.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
