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Ruth’s Hospitality Group increases revolver to $120 million
By Sarah Lizee
Olympia, Wash., Sept. 19 – Ruth’s Hospitality Group, Inc. amended its credit agreement on Wednesday with Wells Fargo Bank, NA as administrative agent, increasing the revolver to $120 million from $90 million, according to an 8-K filing with the Securities and Exchange Commission.
The revolver includes a $5 million sub-facility of letters of credit and a $5 million sub-facility for swingline loans.
The revolver may be increased to up to $150 million.
Ruth's Hospitality is a Winter Park, Fla.-based restaurant company focused on the upscale dining segment.
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