Luby's reduces senior debt by $2.1 million in 2Q05

By Sara Rosenberg

New York, March 29 - Luby's Inc. senior debt decreased by $2.1 million during the second quarter of fiscal 2005, according to a company news release.

The reduction resulted from a $6.1 million paydown with proceeds from sales of closed restaurant properties offset by an increase in the revolving credit facility to $32 million from $28 million to pay property taxes, according to a company news release.

Luby's is a Houston-based restaurant operator.

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