Parent to Joe’s Crab Shack, Brick House Tavern intends to use proceeds to pay debt
Houston-based Ignite Restaurant Group Inc., parent company of the 117-unit Joe’s Crab Shack chain, filed with securities regulators its intent to hold an initial public offering of stock, hoping to raise $100 million. Ignite did not reveal in its Friday filing how many shares it would sell or what the initial share price would be, but the company did express its intent to use proceeds from the sale to pay down debt. As of March 28, Ignite had $120 million in outstanding debt under a ...
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Contact: Desiree Torres Desiree.Torres@penton.com