Logan's Roadhouse plans $300 million revolver with buyout by Kelso

By Sara Rosenberg

New York, Sept. 21 - Logan's Roadhouse Inc. is getting a new $300 million revolving credit facility in connection with its acquisition by Kelso & Co., according to a market source.

JPMorgan and Credit Suisse are the lead banks on the deal.

Other funds for the buyout will come from $335 million of secured notes.

Kelso is buying the company from Bruckmann, Rosser, Sherrill & Co. Inc., Black Canyon Capital, Canyon Capital Advisors LLC and management.

Completion of the transaction is subject to regulatory approvals and customary closing conditions.

Logan's Roadhouse is a Nashville, Tenn.-based owner and operator of restaurants.

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