California Pizza Kitchen reports New Five-Year $150 Mln Credit Facility

Posted on Thursday, May 08, 2008 5:46 PM
(RTTNews) - California Pizza Kitchen, Inc. (CPKI) announced that it has entered into a new $150 million credit facility with a syndicate of banks. The five-year facility includes an option to be increased by up to an additional $50 million and matures on May 7, 2013. The facility replaces the company’s existing $100 million line of credit with Bank of America, N.A. The proceeds of the new facility will be used for working capital, capital expenditures, share repurchases and other general corporate purposes. For comments and feedback: contact editorial@rttnews.com
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