Luby’s repays senior lender in full from real estate sale

Chicago, Oct. 1 – Luby’s, Inc. has repaid its senior lender, MSD PCOF Partners VI, LLC, in full with the proceeds from the sale of 26 real estate properties for $88 million, according to a press release.

The company is in the process of “monetizing its assets for the benefit of its shareholders.”

The Houston-based operator of restaurants announced its liquidation and dissolution on Nov. 17, 2020. The company has already sold Luby’s Cafeterias and Fuddruckers. Still for sale is Luby’s Culinary Contract Services business segment, the packaged foods business segment and its remaining real estate assets.

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