Del Frisco's to repay bank debt with IPO proceeds

By Sara Rosenberg

New York, Oct. 23 - Del Frisco's Restaurant Group LLC plans to repay outstanding borrowings under its credit facility using a portion of the proceeds from a proposed initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission Tuesday.

Remaining proceeds will be used to repay amounts outstanding under a note payable to one of the Casual Dining Cos. and for working capital and other general corporate purposes.

Del Frisco's is a Wichita, Kan.-based developer, owner and operator of two contemporary, high-end complementary steakhouse concepts, Del Frisco's Double Eagle Steak House and Sullivan's Steakhouse.

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