Caribbean Restaurants to launch $210 million facility on Wednesday

By Sara Rosenberg

New York, Jan. 20 - Caribbean Restaurants LLC is scheduled to hold a bank meeting on Wednesday to launch a proposed $210 million credit facility, according to a market source.

Jefferies & Co. is the lead bank on the deal.

The facility consists of a $20 million revolver and a $190 million term loan, the source said.

Proceeds will be used to refinance existing bonds.

Caribbean Restaurants is an operator of Burger King restaurants in Puerto Rico.

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