Ruth's Chris Steak House to draw on credit facility for purchase of assets

By Sara Rosenberg

New York, Nov. 6 - Ruth's Chris Steak House, Inc. is planning on using borrowings under its credit facility to fund the acquisition of Mitchell's Fish Market and Cameron's Steakhouse, according to a news release.

The assets are being bought from Cameron Mitchell Restaurants, LLC for about $94 million.

Closing is expected in the first quarter of 2008.

Ruth's is a Heathrow, Fla.-based steakhouse company.

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