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Prospect News home > News index > List of issuers C > Headlines for Carrols Corp. > News item
Published on 9/22/2006 in the Prospect News Bank Loan Daily.

Carrols plans to pay down facility borrowings with IPO proceeds

By Jennifer Chiou

New York, Sept. 22 - Carrols Holdings Corp. plans to use the proceeds from a $210 million initial public offering to repay borrowings under its senior credit facility, according to an S-1 filing with a Securities and Exchange Commission.

Carrols is a Syracuse, N.Y.-based restaurant company that operates Burger Kings, Taco Cabana restaurants and Pollo Tropical restaurants.


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