Red Lobster to launch amendment on Monday permitting new ABL facility

By Sara Rosenberg

New York, May 15 – Red Lobster Management LLC is scheduled to hold a lender call at 1 p.m. ET on Monday to launch an amendment to its credit facility that will allow for the incurrence of a new $175 million ABL facility, according to a market source.

Deutsche Bank Securities Inc. is the bookrunner on the deal.

Red Lobster is an Orlando, Fla.-based casual dining seafood restaurant company.

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