Brief: Ruth's Hospitality - Provided Notice To Lenders To Borrow Remaining Available Amount Under Revolving Credit Facility Dated As Of Feb. 2, 2017

Ruth's Hospitality

18/03/2020 11:30

March 18 (Reuters) - Ruth's Hospitality Group Inc  RUTH.O :
    * RUTH'S HOSPITALITY - ON MARCH 16, PROVIDED NOTICE TO
LENDERS TO
BORROW REMAINING AVAILABLE AMOUNT UNDER REVOLVING CREDIT
FACILITY DATED AS OF FEB. 2, 2017
    * RUTH'S HOSPITALITY - ALSO INCREASED BORROWINGS UNDER
REVOLVING
CREDIT FACILITY AS PRECAUTIONARY MEASURE FROM THE COVID-19
OUTBREAK
    * RUTH'S HOSPITALITY - PROCEEDS FROM INCREMENTAL REVOLVING
CREDIT
FACILITY BORROWINGS ARE CURRENTLY BEING HELD ON THE CO’S BALANCE
SHEET
    * RUTH'S HOSPITALITY - TOTAL CASH AND CASH EQUIVALENTS OF
$54.7
MILLION AS OF MARCH 16, 2020

Source text for Eikon: https://bit.ly/33r1s4Q
Further company coverage:  RUTH.O 

 ((Briefs@thomsonreuters.com;))