Getting your player ready...
A group of lenders to Quiznos Corp. failed in their attempt to block the company from amending the terms of a $625 million loan, according to people familiar with the matter.
Quiznos asked lenders this month to relax the terms of the first-lien term loan in exchange for paying a higher interest rate, said the people, who declined to be identified because the discussions are private.
The Denver-based company offered to pay 3.5 percentage points more than the London interbank offered rate with a step-down to 3.25 percentage points more than that rate, the people said.
