Taco Bueno’s Chapter 11


Vinson & Elkins advised Taco Bueno on the restructuring

TPG-backed, quick-service restaurant operator and franchisor Taco Bueno completed its prepetition debt sale transaction and subsequent prepackaged chapter 11 cases, which equitized $140 million in secured debt and transitioned ownership to an affiliate of Sun Holdings, Inc., one of the largest franchise operators in the United States.

As part of Taco Bueno’s comprehensive restructuring efforts, V&E also assisted Taco Bueno in renegotiating its lease portfolio to best position the company for future success.

Vinson & Elkins advised Taco Bueno David Meyer (Picture) and Paul Heath and senior associate Jessica Peet, with the assistance of associates Garrick Smith, Matt Pyeatt, Matt Struble, Andrew Geppert and Zack Paiva. Also advising were counsel Shaun Rogers and associate P.J. Tatum; partner Cris Dewar and associates Caitlin Snelson and Joe Higdon; and partner Matt Moran, counsel Jordan Leu, senior associate Jeremy Reichman and associates Holly Meyers and Tom Mitsch.

Involved fees earner: Christopher Dewar – Vinson & Elkins LLP; Andrew Geppert – Vinson & Elkins LLP; Paul Heath – Vinson & Elkins LLP; Joe Higdon – Vinson & Elkins LLP; Jordan Leu – Vinson & Elkins LLP; David Meyer – Vinson & Elkins LLP; Hollyann Meyers – Vinson & Elkins LLP; Thomas Mitsch – Vinson & Elkins LLP; Matthew Moran – Vinson & Elkins LLP; Jessica Peet – Vinson & Elkins LLP; Matthew Pyeatt – Vinson & Elkins LLP; Jeremy Michael Reichman – Vinson & Elkins LLP; Shaun Rogers – Vinson & Elkins LLP; Garrick Smith – Vinson & Elkins LLP; Caitlin Snelson – Vinson & Elkins LLP; Patrick Tatum – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Taco Bueno Restaurants, L.P.;

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Author: Ambrogio Visconti