Logan’s Roadhouse Inc., a Nashville-based casual dining chain with 234 restaurants, is the latest retailer heading into Chapter 11 bankruptcy reorganization.

Roadhouse Holding Inc., the ultimate parent company of the chain, is 97% owned by affiliates of Kelso & Co., a New York-based private equity firm.

In the last three years, the chain had been using sale/leaseback arrangements as a financing mechanism to offset slower sales. As of last November…