MARYVILLE Tenn. Ruby Tuesday Inc.’s lenders will give the restaurant company until April 18 to amend its debt agreements in order to avoid default, the company said Wednesday. Last month, Ruby Tuesday, which operates or franchises 944 namesake casual-dining restaurants, said it expected to break certain lending covenants, specifically its debt-to-EBITDA ratio, because of slowed sales, reduced profits and the large amount of debt on its balance sheet. In addition, the company has been ...
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Contact: Desiree Torres Desiree.Torres@penton.com