CALABASAS HILLS Calif. The Cheesecake Factory Inc. amended the terms of its $300 million credit facility to gain more financial flexibility, it said this week. The changes included higher interest rates, but looser covenants. The company’s five-year facility still remains due in 2012, and as of Dec. 30, Cheesecake Factory said it had an outstanding balance of $275 million under the facility, standby letters of credit of $16 million and net availability for borrowings of $9.0 ...
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Contact: Desiree Torres Desiree.Torres@penton.com