Morton's Restaurant Group Inc. said it entered into a new $70 million credit facility with Goldman Sachs Bank USA. The new financing replaces a former $70 million facility that was set to mature in early 2011, Morton's said Thursday. The new five-year credit facility includes a $60 million senior term loan and a $10 million senior revolving credit facility. It carries a short-term variable interest rate and a leverage-based margin. Morton’s said the term loan and a portion of the ...
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