CBRL to pay puts on LYONs in cash only

New York, Feb. 2 - CBRL Group Inc. said it will pay puts on its Liquid Yield Option Notes due 2032 in cash only.

Previously the Lebanon, Tenn.-based operator of the Cracker Barrel Old Country Store restaurant chain had the option to pay puts in cash or stock.

CBRL disclosed the change - made through an amendment to the LYON indenture - in an 8-K filing with the Securities and Exchange Commission.

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