LRC represents Houlihan’s Restaurants Inc. and its affiliates (“Houlihan’s”) in their chapter 11 cases (the “Chapter 11 Cases”) pending in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). Headquartered in Leawood, Kansas, Houlihan’s is a restaurant company that developed, owned and franchised five award-winning concepts from fine dining to upscale casual with locations throughout the United States, including Houlihan’s Restaurant + Bar, J. Gilbert’s Wood-Fired Steak + Seafood, Bristol Seafood Grill, Devon Seafood Grill, and Make Room for Truman. Across its portfolio, Houlihan’s has focused on consistency of brand image, serving top quality food and beverages with honest, Midwestern hospitality. On November 14, 2019, Houlihan’s filed for chapter 11 relief in order to facilitate, among other things, a court-approved sale process with Landry’s LLC (the “Purchaser”) serving as the stalking horse bidder to acquire substantially all of Houlihan’s assets, subject to higher or otherwise better offers.
As bankruptcy counsel, LRC advised Houlihan’s in all aspects of their Chapter 11 Cases, including negotiating a stalking horse asset purchase agreement, negotiating a debtor-in-possession credit agreement and preparing all operational motions in connection with the bankruptcy cases. The sale of substantially all of Houlihan’s assets to the Purchaser was approved by the Bankruptcy Court on December 21, 2019 and closed on December 30, 2019. LRC continues to advise Houlihan’s on the development and implementation of a wind-down strategy for their Chapter 11 Cases.Adam G. Landis Kimberly A. Brown Matthew R. Pierce