New Issue-Rare Restaurant Group sells $100 mln in 7-year notes

Mon Apr 30, 2007 3:45pm EDT

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 April 30 (Reuters) - Rare Restaurant Group, LLC and RRG
Finance Corp. on Monday jointly sold $100 million of seven-year
senior secured notes in the 144a private placement market, said
market sources.
 Jefferies & Company,Inc. was the sole book-running manager
for the sale.
BORROWER: RARE RESTAURANT GROUP LLC/RRG FINANCE CORP
AMT $100 MLN        COUPON 9.25 PCT   MATURITY 5/15/2014   
TYPE SR SEC NOTES   ISS PRICE 100     FIRST PAY 11/15/2007 
MOODY'S Caa1        YIELD 9.25 PCT    SETTLEMENT 5/16/2007 
S&P CCC-PLUS        SPREAD 468 BPS    PAY FREQ SEMI-ANNUAL 
FITCH N/A            MORE THAN TREAS  NON-CALLABLE 4 YEARS* 
 *MAKE-WHOLE-CALL AT TREAS+50 BPS UNTIL 5/15/11

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