Restaurant Group PLC (LSE:RTN), which owns Wagamama, Chiquito, and Frankie & Benny’s has negotiated new debt terms with lenders.
The revised £340mln package comprises a £220mln term loan facility and a £120mln revolving credit facility (RCF) with its existing lenders.
This represents a c. £21mln early repayment of its previous facilities.
The company said it continues to have a strong liquidity position with over £140mln of cash headroom.
This provides the group with an additional two years of debt facilities with the maturities of the term loan and the RCF extended to April 2028 and March 2027, respectively, it said in a statement.