By CNN Staff | September 22, 2020 at 10:38 AM EDT – Updated September 22 at 10:46 AM
(CNN) – Sizzler USA, one of America’s first casual restaurant chains, has filed for Chapter 11 bankruptcy protection as it struggles amid the coronavirus pandemic.
The filing covers Sizzler’s 14 company-owned restaurants, not its international locations or more than 90 franchised restaurants in the U.S.
Sizzler President Chris Perkins said in a statement: “Our current financial state is a direct consequence of the pandemic’s economic impact due to long-term indoor dining closures and landlords’ refusal to provide necessary rent abatements.”
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Sizzler said it’s using the bankruptcy process to reduce debt and renegotiate its leases.
Sizzler was founded in 1958 with the goal of letting everyone enjoy a “great steak dinner at an affordable price.”
Once a pioneer in the industry, it has lost favor to newer rivals like Applebee’s and TGI Fridays.
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