Logan’s Roadhouse Inc., a Nashville, Tenn.-based steakhouse chain with hundreds of locations, is preparing to file for chapter 11 protection, Bloomberg News reported yesterday. The chapter 11 filing may come as soon as this month. The company, which uses the slogan “Where Steak Rules the Road,” has about 250 restaurants in 26 states. The move would follow an announcement that Logan’s was skipping debt payments due in April and planned to delay filing annual and quarterly earnings reports. The company also forged a forbearance agreement with lenders that expires on Aug. 15. Logan’s has suffered from declining sales and a broader restaurant slowdown, which has forced chains to rely more heavily on discounts.
