Restaurant Finance Across America
Archived postings from February, 2009...
Outback looks to retire debt at a discount
Posted: Mon, February 23, 2009 at 8:43am (CST)
OSI Restaurant Partners, the parent company of Outback Steakhouse, is attempting to repurchase up to $483 million in outstanding 10% notes that are currently trading at a large discount to par value. The company announced that the offer is being conducted as a modified Dutch auction with an acceptable bid price range of $225 to $275 per $1,000 principal amount of the notes. OSI said it will pay up to $73 million, excluding accrued interest. The Company currently has $488.2 million aggregate principal amount of the notes outstanding.
Business Wire February 18, 2009
Beware of Jim Cramer's recommendations
Posted: Sun, February 08, 2009 at 12:18pm (CST)
Is it any surprise that Jim Cramer\'s stock predictions underperform the market?
Barrons February 8, 2009
Even Buffalo Wild Wings has troubled franchisees
Posted: Wed, February 04, 2009 at 10:39pm (CST)
The company that owns the Buffalo Wild Wings in Clearwater, Florida has filed or bankruptcy.
Tampa bay Business Journal January 22, 2009
You can hear the banks tightening the credit
Posted: Tue, February 03, 2009 at 8:08pm (CST)
The Federal Reserve\'s Senior Loan Officer\'s Survey found that 80 percent of domestic banks had tightened their lending standards on commercial real estate loans over the past three months. The survey also reported that 80% of domestic banks cited an increase in their use of interest rate floors in floating-rate loan agreements during 2008.
Federal Reserve Senior Loan Survey February 2, 2009