The Cheesecake Factory Inc. on Tuesday said it has entered into a new revolving credit facility that will allow for more flexibility and a lower cost of capital as the company prepares to relaunch growth next year. In addition, the Calabasas Hills, Calif.-based casual-dining chain said it has paid off remaining debt on its prior credit facility, while maintaining a cash balance of about $50 million. The new unsecured, five-year facility, which matures on Dec. 3, 2015, has a commitment of ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com