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Stock Market & Financial Investment News

News Breaks
December 6, 2012
17:12 EDTBAGLEinstein Noah completes strategic review, recapitalizes the company
Einstein Noah Restaurant Group announced that its board has completed its strategic alternatives review process to maximize shareholder value by recapitalizing the company. The recapitalization includes the amendment and restatement of the company's existing Senior Credit Facility, which consists of a Term Loan A and a Revolver with a syndicate of banks. The amendment and restatement of the Facility increases the Company's Term Loan A from $75M to $100M, increases the Revolver from $50M to $75M, and extends the maturity date from December 20, 2015 to December 6, 2017. The increase to $175M will be used to fund the one-time special dividend, the ongoing quarterly dividend, working capital, capital expenditures, and other general corporate purposes.
News For BAGL From The Last 14 Days
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October 6, 2014
09:07 EDTBAGLJAB Holding commences previously announced tender offer for Einstein shares
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