BNET Industries

Buffets Holdings Inc.

is in the Food Industry

Last Fiscal Year Sales:$1.5B

Private
US

Dow Jones Description

Buffet-Style Restaurants Owner & Operator

CEO

R. Michael Andrews

Number of Employees 33,000

Contact Information

1460 Buffet Way

Eagan, Minnesota 55121

www.buffet.com

(651) 994-8608

Peer Companies

NAICS Code Full-Service Restaurants: 722110

News & Analysis

buffets holdings inc. - All News and Analysis

Buffets Holdings, Inc. Executes Amendment to DIP Credit Agreement

- 2008-12-10

Company Remains on Track to Emerge from Chapter 11 During the First Quarter of 2009 EAGAN, Minn. -- Buffets Holdings, Inc. today announced that it has executed a third amendment to the Debtor-in-Possession DIP Credit Agreement with its lenders. Subject to the approval of the Bankruptcy Court, this amendment...

Tags: Buffets Holdings Inc., Buffets Inc.
Grill-buffets confront a smorgasbord of challenges

- 2008-06-30

Changes in the buffet segment seem inevitable as the largest player, Eagan, Minn.-based Buffets Holdings Inc., continues restructuring efforts following its Chapter 11 bankruptcy filing in January. The operator and franchisor, which is owned by a Top 100-ranked company, Caxton-Iseman Capital Inc., boasts more than 550 restaurants under its HomeTown...

Tags: Buffets Holdings Inc., Metromedia Restaurant Group
APS Financial Corporation Discontinues Coverage of Buffets Holdings, Inc.

- 2008-04-01

APS Financial Corporation has discontinued coverage of Buffets Holdings, Inc. High Yield Notes (Bond Symbol: BOCB). The Company was covered by Senior Vice President & Director of High Yield Research, Joel D. Luton. APS Financial Corporation APSF is a securities, research and investment banking firm, offering its clients a...

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Buffets Holdings, Inc. Receives Final Court Approval for $85 Million of New Funding

- 2008-02-25

EAGAN, Minn. -- Buffets Holdings, Inc., ("the Company") announced today that the U.S. Bankruptcy Court for the District of Delaware has granted final approval for the Company's debtor-in-possession ("DIP") credit facility. The DIP credit facility, which includes $85 million of new funding and $200 million carried over from the Company's...

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Chains risk defaults as debt woes grow: lenders, investors less lenient about leverage

- 2008-02-18

Seeming to anxious operators like sharks in treacherous seas, lenders are circling the waters of corporate debt as highly leveraged restaurant companies try to look less like prey while their sales are sinking. Already troubled by slower guest traffic and soaring operational costs, the industry now faces the prospect...

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Old Country, HomeTown buffets owner files Ch. 11

- 2008-02-04

EAGAN, MINN. -- Buffets Holdings Inc., a 626-restaurant system whose five chains include the industry's largest number of buffet outlets, has filed for Chapter 11 bankruptcy protection from creditors after blaming higher operating costs and lower consumer spending for aggravating its indebtedness. The company, owned by private-equity firm Caxton-Iseman...

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Buffets Holdings, Inc. Receives Interim Court Approval for New Financing

- 2008-01-23

Court Also Authorizes Continued Payment of Employee Wages and Benefits, Payment to Vendors for Post-Petition Goods and Services, and Other Actions to Allow the Company's Restaurants to Operate as Usual EAGAN, Minn. -- Buffets Holdings, Inc., ("the Company") announced today that the U.S. Bankruptcy Court for the District of...

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Buffets Holdings, Inc. Files for Chapter 11 Reorganization to Restructure Balance Sheet and Improve Performance

- 2008-01-22

All 626 Restaurants Open For Business Company Obtains $385 Million DIP Financing Commitment EAGAN, Minn. -- Buffets Holdings, Inc., ("the Company" or "Buffets Holdings") announced today that, in order to restructure its balance sheet and strengthen its financial performance, the Company and all of its subsidiaries, including Buffets,...

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Buffets Signs Forbearance Agreement with Credit Agreement Lenders

- 2008-01-10

EAGAN, Minn. -- Buffets, Inc. announced today that it has entered into a Forbearance Agreement and Second Amendment to its Credit Agreement with its senior lenders. The Forbearance Agreement provides Buffets with continued access to its $640 million credit facility and for the lenders to forbear from exercising certain rights...

Tags: Buffets Holdings Inc., Buffets Inc.
Buffets Holdings, Inc. Announces Appointment of Steven Layt as Chief Operating Officer

- 2007-11-30

EAGAN, Minn. -- Buffets Holdings, Inc. ("Buffets Holdings"), together with its subsidiary Buffets, Inc. ("Buffets"), today announced the appointment of Steven R. Layt as Chief Operating Officer of both Companies. Mr. Layt is expected to begin his tenure with the companies by December 31, 2007. Mr. Layt, age 35,...

Tags: Buffets Holdings Inc., Pizza Hut

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Decision Makers

Name (plus bio)	Position
R. Michael Andrews	CEO
A. Keith Wall	Cfo & Executive Vice President
Steven R. Layt	COO
Fred P. Williams	Executive Vice President, Concept Dev & Real Estate
H. Thomas Mitchell	Executive Vice President
Jane L. Binzak	Executive Vice President, Hr
Karlin A. Linhardt	Executive Vice President of Marketing
Linda J. Allison	Executive Vice President, Operations Services
M. Richard Kirk	Executive Vice President, Ryan's Division Operations
Mario O. Lee	Executive Vice President, Buffet Division Operations
David S. Lobel	Director
Robert A. Ferris	Director
Robert M. Rosenberg	Director
Roe H Hatlen	Director
Steven Lefkowitz	Director

Board of Directors

Name (plus bio)	Position
Ankur A. Vora	Board of Directors

Organization	Position	Status
Buffets Holdings, Inc.	CEO	Current
Buffets Inc.	CEO	Current

Organization	Position	Status
Buffets Holdings, Inc.	Cfo & Executive Vice President	Current

Organization	Position	Status
Buffets Holdings, Inc.	COO	Current

Organization	Position	Status
Buffets Holdings, Inc.	Executive Vice President, Concept Dev & Real Estate	Current

Organization	Position	Status
Buffets Inc.	Executive Vice President, General Counsel and Secretary	Current
Ryan's Restaurant Group Inc.	Executive Vice President, General Counsel and Secretary	Current
Buffets Holdings, Inc.	Executive Vice President	Current
Buffets Holdings, Inc.	General Counsel	Current
Buffets Holdings, Inc.	Secretary	Current

Organization	Position	Status
Buffets Holdings, Inc.	Executive Vice President, Hr	Current

Organization	Position	Status
Ryan's Restaurant Group Inc.	Executive Vice President of Marketing	Current
Buffets Inc.	Executive Vice President of Marketing	Current
Buffets Holdings, Inc.	Executive Vice President of Marketing	Current
Anheuser-Busch Companies, Inc.		Former

Organization	Position	Status
Buffets Holdings, Inc.	Executive Vice President, Operations Services	Current

Organization	Position	Status
Buffets Holdings, Inc.	Executive Vice President, Ryan's Division Operations	Current

Organization	Position	Status
Ryan's Restaurant Group Inc.	Executive Vice President of Operations	Current
Buffets Inc.	Executive Vice President of Operations	Current
Buffets Holdings, Inc.	Executive Vice President, Buffet Division Operations	Current

Organization	Position	Status
Caxton-Iseman	Vice President	Current
CI Capital Partners LLC	Vice President	Current
Ryan's Restaurant Group Inc.	Board of Directors	Current
Buffets Inc.	Board of Directors	Current
Buffets Holdings, Inc.	Board of Directors	Current
Superior Bancorp	Analyst	Former
Wharton Graduate School of the University of Pennsylvania	B.Sc. In Economics	Former

Organization	Position	Status
The Sentinel	Founder	Current
Sentinel Capital Partners	Founder	Current
Interim Healthcare Inc.	Chairman	Current
Reachout Healthcare America	Chairman	Current
Spinrite Corp.	Chairman	Current
Buffets Inc.	Director	Current
Strategic Partners Inc.	Director	Current
Buffets Holdings, Inc.	Director	Current
Ryan's Restaurant Group Inc.	Board of Directors	Current
Smith Barney	Managing Director	Former
Sentinel Capital Partners	Managing Partner	Former
First Century Partners	General Partner	Former
Bain & Company	Consultant	Former
Castle Dental Centers, Inc.	Chairman	Former
Growing Family Incorporated	Chairman	Former
Floral Plant Growers LLC	Chairman	Former
Border Foods, Inc.	Director	Former
Office Depot, Inc.	Investor	Former
Stanford University	MS	Former
University of the Witwatersrand	B.Sc. (Hons)	Former

Organization	Position	Status
Covant	Managing Director of Caxton, Iseman Capital, Inc.	Current
Caxton-Iseman	Managing Director	Current
CI Capital Partners LLC	Managing Director	Current
Sequoiaassociates.Com	General Partner	Current
Fordham University	Trustee	Current
PLY GEM Industries, Inc.	Director	Current
Ryan's Restaurant Group Inc.	Board of Directors	Current
Fordham University	Board of Directors	Current
Buffets Holdings, Inc.	Director	Current
Prodigy Health Group, Inc.	Director	Current
Covant	Board of Directors	Current
Ply Gem Holdings, Inc.	Board of Directors	Current
American Residential Services L.L.C.	Director	Current
Buffets Inc.	Director	Current
Arcata	Vice President	Former
Sequoiaassociates.Com	Founder	Former
Anteon International Corporation	Director	Former
Boston College		Former
Fordham University Law School		Former
Arcata	Member	Former

Organization	Position	Status
Ryan's Restaurant Group Inc.	Board of Directors	Current
Talkibie	Board of Directors	Current
International Franchise Association	Board of Directors	Current
Sonic Corporation	Board of Directors	Current
National Restaurant Association	Board of Directors	Current
PC Repair Blog	Board of Directors	Current
Buffets Inc.	Board of Directors	Current
Buffets Holdings, Inc.	Director	Current
International Franchise Association	Trustee	Current
Dunkin' Brands, Inc.	Chief Executive Officer & Founder	Former

Organization	Position	Status
Buffets Inc.	Vice-Chairman of the Board	Current
Buffets Holdings, Inc.	Director	Current
Buffets Inc.	Chief Executive Officer	Former
Buffets Holdings, Inc.	Chief Executive Officer	Former
Buffets Holdings, Inc.	Chief Financial Officer	Former
Buffets Inc.	Chief Financial Officer	Former
Buffets Inc.	Executive Vice President	Former
Buffets Holdings, Inc.	Executive Vice President	Former
Buffets Inc.	Co-Founder	Former
Buffets Inc.	Chairman	Former
Buffets Inc.	Director	Former

Steven M. Lefkowitz is a Managing Director of Caxton-Iseman, which he joined in 1993. Mr. Lefkowitz is a director of KIK Custom Products, Valley National Gases, Inc., American Residential Services, L.L.C., Electrograph Systems, Inc., Prodigy Health Group, Ply Gem Industries, Inc. and Buffets, Inc., and a former director of Anteon International Corporation, Mr. Lefkowitz was formerly a Vice President and limited partner in Mancuso & Company's $100 million equity fund, where he specialized in the acquisition of consumer product companies. Mr. Lefkowitz was a director of Sports Holding Corp., the world's largest manufacturer of hockey sticks, hockey equipment and outdoor footwear. Mr. Lefkowitz also participated in the acquisition of Life Fitness, the largest electronic fitness equipment manufacturer, which was sold to Brunswick. Mr. Lefkowitz attended Northwestern University and Kellogg Graduate Business School. He is from Columbus, Ohio.

Organization	Position	Status
Caxton-Iseman	Managing Director	Current
Covant	Managing Director of Caxton, Iseman Capital, Inc.	Current
PLY GEM Industries, Inc.	Director	Current
Covant	Board of Directors	Current
Ply Gem Holdings, Inc.	Board of Directors	Current
Conney Safety Products	Director	Current
Gem Industries, Inc.	Director	Current
Ryan's Restaurant Group Inc.	Board of Directors	Current
Prodigy Health Group, Inc.	Director	Current
Buffets Inc.	Director	Current
KIK Customer Products	Director	Current
American Residential Services L.L.C.	Director	Current
Buffets Holdings, Inc.	Director	Current
CoVant Technologies LLC	Director	Current
CI Capital Partners LLC	President	Former
Anteon International Corporation	Director	Former
Northwestern University		Former