Brief: Fiesta Restaurant Group Inc Enters Into Definitive Agreement For Sale Of Taco Cabana To An Affiliate Of Yadav Enterprises Inc
01/07/2021 13:09
July 1 (Reuters) - Fiesta Restaurant Group Inc FRGI.O :
* FIESTA RESTAURANT GROUP, INC. ENTERS INTO DEFINITIVE
AGREEMENT
FOR THE SALE OF TACO CABANA TO AN AFFILIATE OF YADAV
ENTERPRISES, INC.
* FIESTA RESTAURANT GROUP INC - DEAL FOR CASH PURCHASE PRICE
OF
$85 MILLION
* FIESTA RESTAURANT GROUP INC - TRANSACTION PROCEEDS TO
FULLY
REPAY TERM LOAN BORROWINGS
Source text for Eikon: ID:nBw6ZtVFTa
Further company coverage: FRGI.O
((Reuters.Briefs@thomsonreuters.com;))
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