OTHER NEWS - Oct. 23, 1993

Investors Seek to Buy Karcher Loan: An Orange County investor group that last week paid off a $5.3-million personal loan for fast-food magnate Carl N. Karcher now wants to buy a troubled $23.8-million loan that is threatening Karcher’s personal fortune and his bid to regain control of the Carl’s Jr. restaurant chain. The group, led by title insurance industry executive William P. Foley II, is negotiating to buy a Union Bank loan that Karcher secured with about 20% of the fast-food company’s outstanding shares. Sources said Foley’s group wants to structure the deal in a way that would shelter Karcher from the hefty federal and state taxes he would have to pay if he sold the shares outright.