Luby's pays down $14.6 million of bank debt

New York, Nov. 13 - Luby's Inc. said it paid down $14.6 million of bank debt in its fiscal fourth quarter.

The repayment was primarily funded from the sale of real estate.

The San Antonio, Texas restaurant operator had $91.56 million of credit facility borrowings at the end of the quarter of Aug. 27 compared to $118.45 million a year earlier.

© 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.