RARE Hospitality considering loan, private equity and/or convertibles for stock repurchase

By Sara Rosenberg

New York, Sept. 21 - RARE Hospitality International Inc. is looking at various options to finance its $125 million stock repurchase, including new bank debt, longer-term private equity and/or a convertible offering, a company spokesman told Prospect News on Thursday.

The company plans on implementing the stock repurchase initially through a written trading plan under the provisions of Rule 10b5-1. The timing of the purchases and the exact number of shares to be purchased will depend on market conditions.

RARE is an Atlanta-based owner and operator of multiconcept restaurants.

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