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Del Frisco’s Restaurant to repay debt with proceeds from asset sale
By Marisa Wong
Morgantown, W.Va., Sept. 18 – Del Frisco’s Restaurant Group, Inc. plans to reduce its outstanding debt using proceeds from its sale of Sullivan’s Steakhouse to Romano’s Macaroni Grill.
The transaction, which will raise proceeds of about $32 million, is expected to close by Sept. 30.
Del Frisco’s is an Irving, Texas-based restaurant company.
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