United States

Carrols Restaurant offers senior secured second lien notes

Tuesday, 20 Jun 2017 08:44am EDT 

June 20 (Reuters) - Carrols Restaurant Group Inc :Carrols restaurant group, inc. Announces offering of its senior secured second lien notes.Carrols restaurant group inc - plans to offer, in a private placement, 8.00% senior secured second lien notes due 2022 in aggregate amount of $50 million.Carrols restaurant group - if offering of new notes is consummated, co will have $250 million principal amount of senior secured second lien notes outstanding.Carrols restaurant-intends to use net proceeds of placement of new notes to repay outstanding revolving credit borrowings under senior credit facility.