ORLANDO, Fla. — Cheddar Bay Biscuit followers, rejoice! Purple Lobster formally has a brand new proprietor.

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The seafood restaurant chain — which is headquartered in downtown Orlando — filed paperwork Monday in federal chapter courtroom, designating RL Purchaser LLC as its new proprietor, courtroom information point out.

RL Purchaser LLC includes the chain’s present lenders, information mentioned.

The proposed buy worth for the stalking horse bid is $376 million.

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Information mentioned Purple Lobster’s lenders will acquire possession of the corporate in an fairness switch.

The corporate filed for Chapter 11 chapter in Might and closed quite a few shops nationwide, together with many in Central Florida.

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Learn: 9 issues to find out about Purple Lobster

A number of Orlando Purple Lobster places listed as ‘quickly closed’ A number of Purple Lobster places in Central Florida had been listed as “quickly closed” on the corporate’s web site Monday. (WFTV)

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