Brief: Fiesta Restaurant Group On April 8, 2020, Pollo Operations Applied For A Loan Under Cares Act

Fiesta Restaurant

23/04/2020 23:50

April 23 (Reuters) - Fiesta Restaurant Group Inc  FRGI.O :
    * FIESTA RESTAURANT GROUP INC - ON APRIL 8, 2020, POLLO
OPERATIONS
APPLIED FOR A LOAN UNDER CARES ACT
    * FIESTA RESTAURANT GROUP INC - LOAN WAS APPROVED ON APRIL
17,
2020.
    * FIESTA RESTAURANT GROUP INC - IN LIGHT OF RECENT GUIDANCE
FROM
U.S. TREASURY, COMPANY IS CURRENTLY REVIEWING APPLICATION OF
GUIDANCE
    * FIESTA RESTAURANT GROUP INC - WILL MAKE A DETERMINATION AS
TO
ITS PLANS WITH RESPECT TO POLLO LOAN
    * FIESTA RESTAURANT GROUP INC - BASE SALARY OF EXECUTIVE
OFFICERS
HAS BEEN REDUCED IN AMOUNTS RANGING FROM 20% TO 35% FOR 13 WEEK
PERIOD

Source text: [https://bit.ly/2VX7lTW]
Further company coverage:  FRGI.O 

 (Reuters.Briefs@thomsonreuters.com)