Published:
/Wagamama
Restaurant Group enters into new £340m debt terms with lenders
The company owns brands such as Wagamama, and Frankie & Benny’s.
Wagamama and Frankie & Benny’s owner Restaurant Group has negotiated a new £340m debt terms with its lenders.
The £340m package comprises a £220m term loan facility and a £120m revolving credit facility (RCF) with its existing lenders.
The new terms represent an early repayment of its previous facilities by £21m.
The London-listed operator said it has a strong liquidity position with over £140m of cash headroom.
This provides the Group with an additional two years of debt facilities with the maturities of the Term Loan and the RCF extended to April 2028 and March 2027, according to a statement.
