Texas Roadhouse enters into $200 million five-year revolving facility

By Aleesia Forni

Columbus, Ohio, Aug. 17 - Texas Roadhouse, Inc. entered into a new five-year unsecured revolving credit facility for up to $200 million, according to an 8-K filed with the Securities and Exchange Commission.

Borrowings will bear interest at Libor plus 87.5 basis points to 187.5 bps. The initial rate is Libor plus 100 bps.

The commitment fee ranges from 15 bps to 35 bps. Initially it is 17.5 bps.

Texas Roadhouse drew $50 million under the new agreement to repay outstanding borrowings on the previous facility.

The facility has a $100 million accordion.

Chase Bank, NA, PNC Bank, NA and Wells Fargo Bank, NA are the lead lenders.

The new agreement terminates the existing $250 million credit facility.

Texas Roadhouse is restaurant chain, headquartered in Louisville, Ky.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.