Carrols Restaurant Group, Inc. (NASDAQ:TAST) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
“Company”) and certain subsidiaries of the Company (collectively,
the “Guarantors”) entered into the Fourth Amendment to the Credit
Agreement (the “Fourth Amendment”) with Wells Fargo Bank,
National Association>(the Administrative Agent), as
administrative agent, and the lenders party thereto (the Lenders)
as further described in Item 2.03. Creation of a Direct Financial
Obligation or an Obligation Under an Off-Balance Sheet
Arrangement of a Registrant which is incorporated by reference in
this Item 1.01.
OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A
REGISTRANT.
the Fourth Amendment. The Fourth Amendment amends the Credit
Agreement dated as of May 30, 2012 among the Company, the
Guarantors, the Administrative Agent and the Lenders, as amended
by the First Amendment to Credit Agreement dated as of December
19, 2014, the Second Amendment to Credit Agreement and First
Amendment to Security Agreement dated as of April 29, 2015 and
the Third Amendment to Credit Agreement dated as of February 12,
2016 (the Credit Agreement). The Fourth Amendment, among other
things, increased the aggregate maximum revolving credit
borrowings by $18.0 million to a total of $73.0 million.
to the Fourth Amendment, a copy of which is attached hereto as
Exhibit 10.1 and incorporated herein by reference.
|
10.1
|
Fourth Amendment to Credit Agreement dated as of
January 13, 2017 among Carrols Restaurant Group, Inc., the guarantors named therein, the lenders named therein and Wells Fargo Bank, National Association, as administrative agent. |
About Carrols Restaurant Group, Inc. (NASDAQ:TAST)
Carrols Restaurant Group, Inc. is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name. The Company owns and operates approximately 705 Burger King restaurants located in over 20 Northeastern, Midwestern and Southeastern states, such as Illinois, Indiana, Kentucky, Maine, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Vermont, Virginia and West Virginia. Burger King restaurants feature the Whopper sandwich, as well as a range of hamburgers, chicken and other sandwiches, French fries, salads, breakfast items, hot dogs, snacks, smoothies, frappes and other offerings. Its subsidiaries include Carrols LLC and Carrols Corporation. Carrols Restaurant Group, Inc. (NASDAQ:TAST) Recent Trading Information
Carrols Restaurant Group, Inc. (NASDAQ:TAST) closed its last trading session down -0.15 at 14.85 with 150,227 shares trading hands.
