Contessa has reached agreement with lender Wells Fargo to fund operations through the company's financial restructuring and operations will continue during the Chapter 11 reorganization, it said.
Executives at the company were in a meeting and unavailable to comment, a Contessa employee told IntraFish Thursday.
Court documents indicate the company is carrying between $50 million and $100 million in total debt.
The company’s major creditors are supportive of its reorganization and are working closely with the company to maximize value for all stakeholders, Contessa officials said in statement.
Contessa's
