Case Background

On November 6, 2018, Taco Bueno Restaurants LP announced that the Company has entered into an agreement with an affiliate of Sun Holdings, Inc. and certain of its other stakeholders regarding the terms of a comprehensive financial restructuring that will position the Company for long-term financial health. During the course of this court-supervised restructuring process, Taco Bueno continues to operate in the normal course, serving customers at restaurants across Texas, Oklahoma, Arkansas, Kansas, Louisiana and Missouri.

To implement this plan, the Company and its subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division) and filed a prepackaged plan of reorganization. Prior to the filing, the Sun Holdings affiliate acquired all of Taco Bueno’s outstanding bank debt and has provided a commitment for up to $10 million in debtor-in-possession (“DIP”) financing that, subject to court approval, is expected to support the Company’s operations during the financial restructuring process.

Under the terms of the Company’s prepackaged plan of reorganization, Sun Holdings would become the owner of Taco Bueno through a debt-for-equity swap. The Company intends to satisfy its post-petition obligations in the ordinary course of business.

On November 6, 2018, Taco Bueno Restaurants, Inc., and nine (9) affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The cases are pending before the Honorable Stacey G. C. Jernigan, and are jointly administered under Case No. 18-33678.

For additional information about the restructuring process and resources, including press releases and frequently asked questions, please visit the Taco Bueno restructuring website at http://restructuring.tacobueno.com.

Important Information & Dates

Hearing on Adequacy of Disclosure Statement and Confirmation of Prepackaged Plan

The Combined Hearing to consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Prepackaged Plan, will be held on December 19, 2018 at 9:30 a.m. (Central Time), before the Honorable Stacey G. C. Jernigan, United States Bankruptcy Judge for the Northern District of Texas, Dallas Division, at the United States Bankruptcy Court, 14th Floor, Courtroom 1, Earle Cabell Federal Building, 1100 Commerce Street, Dallas, Texas 75242-1496.

Please click below to view and download the Debtors' proposed Plan and proposed Disclosure Statement for the Plan:

Plan and Disclosure Statement

Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held on November 7, 2018 before the Honorable Stacey G. C. Jernigan, United States Bankruptcy Judge for the Northern District of Texas, Dallas Division, at the United States Bankruptcy Court, 14th Floor, Courtroom 1, Earle Cabell Federal Building, 1100 Commerce Street, Dallas, Texas 75242-1496. A final hearing on certain of the First Day Motions will be held on November 30, 2018 at 9:30 a.m. (Central Time).

Please click below to view and download the Debtors' First Day Motions and First Day Orders:

First Day Motions

First Day Orders

Dates

November
30

Final Hearing on Certain...

9:30 a.m. (CT)
December
10

Meeting of Creditors

10:30 a.m. (CT)
December
19

Combined Disclosure Stat...

9:30 a.m. (CT)
November
6
_______

Voluntary Petitions

December
19
9:30 a.m. (CT)

Combined Disclosure Statement and Confirmation Hearing

Parties

Debtors' Counsel

Vinson & Elkins (New York)

666 Fifth Avenue, 26th Floor
New York, NY   10103-0040
https://www.velaw.com/home/
Phone: 212.237.0000
Fax: 212.237.0100
David S. Meyer
Jessica C. Peet

Vinson & Elkins (Dallas)

Trammell Crow Center
2001 Ross Avenue, Suite 3900
Dallas, TX   75201
https://www.velaw.com/home/
Phone: 214.220.7700
Fax: 214.999.7787
Paul E. Heath
Garrick C. Smith
Matthew J. Pyeatt
Andrew J. Geppert

United States Trustee and Court Information

Office of the United States Trustee

Earle Cabell Federal Building
1100 Commerce Street, Room 976
Dallas, TX   75242
https://www.justice.gov/ust-regions-r06/region-6-northern-district-texas
Phone: 214.767.8967
Fax: 214.767.8971
Lisa L. Lambert

United States Bankruptcy Court
Northern District of Texas

Earle Cabell Federal Building
1100 Commerce Street Room 1254
Dallas, TX   75242
http://www.txnb.uscourts.gov/
Phone: 214.753.2000

Debtors

Case Number
Debtor Name
Petition Date
18-33678 Taco Bueno Restaurants, Inc. November 06, 2018
18-33681 CBI Restaurants, Inc. November 06, 2018
18-33682 Taco Bueno Equipment Company November 06, 2018
18-33683 Taco Bueno Franchise Company L.P. November 06, 2018
18-33679 Taco Bueno Restaurants L.P. November 06, 2018
18-33684 Taco Bueno West, Inc. November 06, 2018
18-33680 TB Corp. November 06, 2018
18-33685 TB Holdings II, Inc. November 06, 2018
18-33686 TB Holdings II Parent, Inc. November 06, 2018
18-33687 TB Kansas LLC November 06, 2018