RARE Hospitality extends revolver to 2007

By Sara Rosenberg

New York, Nov. 22 - RARE Hospitality International Inc. extended the maturity of its $100 million revolver to November 2007 from September 2005. Furthermore, the company improved terms of the credit agreement through renegotiation.

"We are confident that the extended term of this credit facility combined with cash flow from operations will satisfy our growth capital requirements over the long term," said Philip J. Hickey, Jr., chairman and chief executive officer, in a news release.

RARE Hospitality is an Atlanta franchiser of restaurants.

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