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Carrols Restaurant to price $60 million public sale of common stock
Offering will be conducted by bookrunners Raymond James and Stephens
By Devika Patel
Knoxville, Tenn., April 16 - Carrols Restaurant Group, Inc. said it will price a $60 million public offering of common stock with a 15%, 30-day greenshoe.
Raymond James & Associates, Inc. and Stephens Inc. are the joint bookrunning managers.
Proceeds will be used for the remodeling of the company's restaurants to Burger King Corp.'s 20/20 restaurant image, to acquire additional Burger King restaurants, to develop new restaurants and for other general corporate purposes.
Carrols is a Syracuse, N.Y.-based restaurant company that operates Burger King, Taco Cabana and Pollo Tropical restaurants.
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