Filing Alert: On The Border Mexican Grill & Cantina Chapter 11
On The Border Mexican Grill & Cantina Files Chapter 11 in Northern District of Georgia
OTB Holding LLC (dba On The Border Mexican Grill & Cantina) and its debtor affiliates⁽¹⁾, a casual dining restaurant chain specializing in Tex-Mex cuisine with locations across the U.S., filed for Chapter 11 protection on Mar. 4 in the U.S. Bankruptcy Court for the Northern District of Georgia.
The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-52415.
⁽¹⁾ OTB Acquisition LLC, OTB Acquisition of New Jersey LLC, OTB Acquisition of Howard County LLC, Mt. Laurel Restaurant Operations LLC, OTB Acquisition of Kansas LLC, and OTB Acquisition of Baltimore County, LLC.
Top Unsecured Claims
Key Parties
Counsel:
- Jeffrey R. Dutson
- King & Spalding LLP
- Email: jdutson@kslaw.com
Financial Advisor:
- Alvarez & Marsal North America, LLC
Investment Banker:
- Hilco Corporate Finance, LLC
Claims Agent:
- Kurtzman Carson Consultants, LLC dba Verita Global
Signatories:
- Jonathan Tibus – Chief Restructuring Officer
Equity Security Holders:
- Border Holdings LLC – 100.0% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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