r/wallstreetbets • u/JadedAsparagus9639 • 5d ago

News Hooters files for bankruptcy

https://www.cnn.com/2025/03/31/business/hooters-restaurant-bankruptcy?cid=ios_app
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u/PanthersChamps 4d ago

They buy companies using the company’s own money (borrowing against).

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u/Affectionate-Bid386 3d ago

They then sell the debt as CLOs which will all tank. Pension funds be damned.