Overview

• Pinstripes filed for Chapter 11 in Delaware on Sept. 8 and said it will market and sell its assets through a court‑supervised process.
• Ten of 18 venues closed abruptly, including Walnut Creek, Calif., and Chicago’s Streeterville site, while eight locations remain open in markets such as Bethesda, Cleveland, Edina, Georgetown/Washington D.C., Northbrook, Oak Brook, San Mateo and South Barrington.
• Court filings list roughly $143 million in secured debt and about $47 million in unsecured liabilities owed to vendors, landlords and taxing authorities.
• Silverview Credit Partners is the stalking‑horse bidder with a $15 million credit bid and is proposed to provide about $3.8 million in debtor‑in‑possession financing.
• The company says gift cards and event deposits will be honored at continuing locations, while closures left many customers seeking refunds and nearly 900 employees affected, according to local reports.