According to BBC News, Pizza Express has hired financial advisors ahead of a meeting with lenders to review its current debt situation.
The chain has made a loss for the last two years as its operating profits were offset by high interest payments on its £1.1 billion worth of debt.
Pizza Express currently employs 14,000 people and is owned by Chinese private investment firm Hony.
Hony bought the restaurant chain form UK private equity firm Cinven in 2014.
Pizza Express currently has until 2021 before it needs to start paying back its £800m to outside creditors, and as the business is still making money, it poses no imminent risk of going bust.
