Key Developments: Carrols Restaurant Group Inc (TAST.O)

TAST.O on Nasdaq

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4 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Carrols Restaurant Group Inc raises FY 2015 outlook
Tuesday, 4 Aug 2015 07:00am EDT 

Carrols Restaurant Group Inc:Expects FY 2015 total restaurant sales of $830 million to $845 million (previously $815 million to $830 million).Expects FY 2015 comparable restaurant sales increase of 5 pct. to 7 pct. on a comparable 52-week basis (previously 3 pct. to 5 pct.).Expects FY 2015 adjusted EBITDA of $60 million to $65 million (previously $48 million to $52 million).  Full Article

Carrols Restaurant Group Inc updates FY 2015 comparable restaurant sales guidance; raises FY 2015 EBITDA guidance
Tuesday, 5 May 2015 07:00am EDT 

Carrols Restaurant Group Inc:Now expects FY 2015 total restaurant sales of $815 to $830 million (vs $810 to $830 million previously estimated).A comparable restaurant sales increase of 3 to 5 pct on a comparable 52-week basis (vs 2 to 4 pct previously estimated).FY 2015 adjusted EBITDA of $48 to $52 million (vs $44 to$48 million previously estimated).FY 2015 revenue of $824 million and EBITDA of $48 million - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc prices offering of $200 mln of senior secured second lien notes due 2022
Wednesday, 15 Apr 2015 04:00pm EDT 

Carrols Restaurant Group Inc:Priced private offering of $200 mln of 8.00 pct senior secured second lien notes due 2022.notes will be issued at par.Offering is expected to close on April 29, subject to customary closing conditions.Intends to use net proceeds of private offering of senior secured second lien notes.To repurchase its outstanding $150 mln principal amount of 11.25 pct senior secured second lien notes due 2018 tendered pursuant to tender offer (or through redemption or other repurchase or retirement of any such notes not purchased in tender offer).To pay related fees and expenses and.For working capital and general corporate purposes, including for possible future acquisitions and for potential capital expenditures to remodel restaurants.  Full Article

Carrols Restaurant Group Inc announces offering of its senior secured second lien notes
Wednesday, 15 Apr 2015 09:04am EDT 

Carrols Restaurant Group Inc:Plans to offer, in a private placement, senior secured second lien notes due 2022 in aggregate amount of $200 million.Says senior secured second lien notes will be senior secured obligations of Carrols Restaurant Group and will be guaranteed by its subsidiaries.Intends to use net proceeds to repurchase outstanding $150 million principal amount of 11.25 pct senior secured second lien notes due 2018 tendered pursuant to a tender offer.Also to pay related fees and expenses and for working capital and general corporate purposes.  Full Article

Carrols Restaurant Group Inc gives FY 2015 guidance; revenue guidance above analysts' estimates; EBITDA guidance below analysts' estimates; gives FY 2015 comparable restaurant sales guidance
Thursday, 26 Feb 2015 07:00am EST 

Carrols Restaurant Group Inc:Expects FY 2015 total restaurant sales of $810 million to $830 million including comparable restaurant sales increase of 2 pct. to 4 pct.Expects FY 2015 adjusted EBITDA of $44 million to $48 million.FY 2015 revenue of $807 million and EBITDA of $51 million - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc completes acquisition of 64 Burger King Restaurants
Wednesday, 5 Nov 2014 07:00am EST 

Carrols Restaurant Group Inc:Completes previously announced acquisition of 64 BURGER KING restaurants from certain subsidiaries of Heartland Food LLC.The acquired restaurants are located in or around Nashville, TN (27 restaurants), Springfield, IL (11 restaurants), Terre Haute, IN (15 restaurants), Evansville, IN (7 restaurants), and other nearby markets (4 restaurants).This expands the company's operations into a number of new markets including two additional states.  Full Article

Carrols Restaurant Group Inc raises FY 2014 revenue and comparable restaurant sales outlook, lowers top end of prior EBITDA outlook to a range below analysts' estimates
Wednesday, 5 Nov 2014 07:00am EST 

Carrols Restaurant Group Inc:Now expects FY 2014 total restaurant sales of $690 to $700 million (compared to $665 to $675 million previously estimated).FY 2014 comparable restaurant sales increase of 0 to 1 pct (compared to -1 to 0 pct previously estimated).FY 2014 adjusted EBITDA of $36 to $38 million (compared to $36 to $40 million previously estimated);.FY 2014 revenue of $692 mln, EBITDA of $39 mln - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc completes acquisition of 30 BURGER KING Restaurants in North Carolina
Thursday, 9 Oct 2014 11:17am EDT 

Carrols Restaurant Group Inc:Says on Oct. 8, it completed previously announced acquisition of 30 BURGER KING(reg) restaurants located in eastern North Carolina.  Full Article

Carrols Restaurant Group Inc to Purchase 30 Burger King Restaurants in North Carolina
Thursday, 18 Sep 2014 04:58pm EDT 

Carrols Restaurant Group Inc:On Sept. 18, it exercised right of first refusal to purchase 30 BURGER KING(reg) restaurants in eastern North Carolina under same terms and conditions of existing purchase and sale agreement between the sellers and unrelated third party.Total purchase price is about $20 million payable in cash at closing, and assets to be purchased include 12 fee-owned properties.Transaction is expected to be completed in early Oct.  Full Article

Carrols Restaurant Group Inc signs agreements to purchase 64 Burger King restaurants in Tennessee, Indiana and Illinois
Friday, 22 Aug 2014 10:50am EDT 

Carrols Restaurant Group Inc:Signed definitive agreements to purchase 64 BURGER KING restaurants from certain subsidiaries of Heartland Food LLC for a total cash purchase price of about $18.0 million excluding inventory.  Full Article

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