Del Taco draws down $50 million on revolving credit facility

By Sarah Lizee

Olympia, Wash., April 2 – Del Taco Restaurants, Inc. drew down $50 million on its revolving credit facility as a precautionary measure, according to a press release.

With the drawdown and existing cash, the company currently has over $56 million in cash on hand.

The increased borrowing was taken as a precautionary measure to bolster its cash position and enhance its financial flexibility as a result of the Covid-19 pandemic, the company said.

Del Taco is a Lake Forest, Calif.-based Mexican-American quick service restaurant chain.

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