A customer enters a Pizza Hut restaurant in Princeton, Illinois.
Daniel Acker | Bloomberg | Getty Images
Pizza Hut’s largest U.S. franchisee is weighing restructuring options, including bankrutpcy, Bloomberg reported Wednesday.
NPC International, which has about $1 billion in debt, operates nearly 400 Wendy’s restaurants and more than 1,200 Pizza Huts.
People familiar with the matter told Bloomberg that the franchisee has begun negotiating with its lenders. The company is trying to keep the restructuring out of court but is considering the possibility of filing for bankruptcy with a pre-negotiated plan in place, according to the outlet.
In 2019, the franchisee saw its debt slide further and…