Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Paraná SA > News item |
Red Robin to repay credit facility debt with sale-leaseback proceeds
By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – Red Robin Gourmet Burgers, Inc. plans to repay debt under its credit agreement with some proceeds of a sale-leaseback transaction, according to a news release.
The transaction with Essential Properties Realty Trust, Inc. related to nine properties and generated gross proceeds of about $31 million. Additional proceeds will be used to fund capital investments and may support repurchasing up to $5 million of company stock.
Red Robin is a Greenwood Village, Colo.-based casual dining restaurant chain.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.