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Southwestern Restaurant Group Acquired by San Diego Chain

July 28, 1993

PHOENIX (AP) _ Famous Restaurants Inc., a 35-unit chain that filed for bankruptcy protection last year, said it has been acquired from Heller Financial Inc. by the parent company of a Mexican restaurant chain.

Terms of the purchase by Pittsburgh-based Hillman Co., announced Tuesday, were not disclosed.

Hillman is the principal owner of Carlos Murphy’s, a 19 restaurant-chain headquartered in San Diego.

Famous Restaurants, which once operated 60 units, sought Chapter 11 court protection from creditors last September.

Chicago-based Heller Financial, the main creditor, took full ownership in June as settlement of an estimated $46 million it was owed.

Heller Financial is the senior lender for the new purchase.