Fifty dollars in the way the Yankees reckon it, an' a hundred Mex
in China fashion.
-- National scale long-term rating affirmed at 'AAA(mex
)'; Removed from RWN; Assigned Negative Outlook;
30 October 2018 - US-based FM Restaurants HoldCo, LLC, an affiliate of Z Capital Group, LLC, an alternative asset manager of opportunistic, value-oriented private equity and credit funds, has completed the acquisition of certain assets of Real Mex
Restaurants through a court-supervised auction and will change its brand identity to Xperience XRG Restaurant Group, the firm said.
Earlier this year, JetBlue was awarded new flight times and the authority to operate additional service by the US Department of Transportation when the agency required other airlines to divest slots at MEX
in order to enhance competition in Mexico City.
The issuer has also amended the condition precedent under the financing documents to ensure that the MYR 270 million equity funds are to be injected into MEX
II prior to issuance of the Sukuk Murabahah and Junior Bonds.
Z Capital Partners, the largest shareholder of Real Mex
Restaurants plans to leverage the Real Mex
expertise across restaurant operations, marketing and branding to expand the Pink Taco brand, including the addition of new locations, and provide a strong platform for growth.
One of APC's JV units at Mex
has a continuous catalytic reformer (CCR) and associated isomerisation and hydrotreating units, using UOP process.
The company's lease on the 9,000-square-foot building at 1003 Valley River Way expires at the end of the month, and Real Mex
decided not to renew it, said Jared Dougherty, senior vice president of marketing.
SUBS: D Subasic (Cro), L Baines (Eng), Lee Chung-Yong (Kor), M Fabian (Mex