The Quiznos Master, owner of the Quiznos sandwich chain, hired Paul, Weiss, Rifkind, Wharton & Garrison and investment bank Moelis & Company to help it renegotiate an $850 million debt load.

Quiznos is trying to reshape its finances by asking hedge funds and other shareholders to forgive $225 million in debt in return for ownership stakes in the company, according to reports from Bloomberg and The Wall Street Journal.