Sonic increases revolver to $150 million

By Sara Rosenberg

New York, Nov. 27 - Sonic Corp. increased its revolving credit facility to $150 million from $100 million, according to an 8-K filed with the Securities and Exchange Commission.

Bank of America is the administrative agent on the deal.

The revolver upsizing became effective on Nov. 21.

Sonic is an Oklahoma City-based chain of drive-in restaurants.

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