Red Robin draws remaining availability under $300 million facility

By Wendy Van Sickle

Columbus, Ohio, April 7 – Red Robin Gourmet Burgers, Inc. drew down the remaining capacity under its $300 million credit facility, bringing its cash balance to more than $91 million as of March 29, according to a news release.

The measure was taken to preserve liquidity, enhance financial flexibility and help mitigate the impact of Covid-19, the company said.

Red Robin is a Greenwood Village, Colo.-based casual dining restaurant chain.

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