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Ruby Tuesday raising capital in private offering

 

Ruby Tuesday

Ruby Tuesday

Does Ruby Tuesday have its eye on other restaurant chains? The Maryville-based casual dining chain announced today it has launched a private offering
to sell senior notes due 2020 to finance a variety of corporate needs, including future acquisitions.

Proceeds from the sale will be used to repay outstanding debt under the company’s revolving credit facility, pay off certain mortgage obligations, and other general corporate purposes, including buying back stock and “to pursue potential strategic acquisitions,” according to a news release.

 

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