Brief: Ruth'S Hospitality Announces Proposed Public Offering Of Common Stock
20/05/2020 21:46
May 20 (Reuters) - Ruth's Hospitality Group Inc RUTH.O :
* RUTH’S HOSPITALITY GROUP, INC. ANNOUNCES PROPOSED PUBLIC
OFFERING OF COMMON STOCK
* RUTH'S HOSPITALITY GROUP INC - JEFFERIES LLC AGREED TO
PURCHASE
$43.5 MILLION OF COMPANY'S COMMON STOCK
* RUTH'S HOSPITALITY - INTENDS TO USE NET PROCEEDS FROM SALE
OF
SHARES TO REPAY BORROWINGS UNDER EXISTING CREDIT AGREEMENT AND
STRENGTHEN BALANCE SHEET
Source text for Eikon: ID:nBw3qlStMa
Further company coverage: RUTH.O
((Reuters.Briefs@thomsonreuters.com;))
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