Bowling and dining chain Pinstripes Holdings Inc. asked a bankruptcy court to convert its restructuring to a liquidation after it was unable to generate enough money from selling most of its assets.
A $6.2 million financing loan from Silverview Credit Partners will terminate once the asset sale is complete, at which point Pinstripes won’t have any sources of funding other than minimal cash on hand, the company said in an Oct. 31 motion filed in the US Bankruptcy Court for the District of Delaware.
The Northbrook, Ill.-based company has liquidated as many of its assets as possible, but that wasn’t ...
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