Red Robin Achieves Important Threshold in Turnaround.

Red Robin has taken another step forward in its turnaround plan, refinancing an existing credit facility that was set to come due next September. The new credit facility totals $115 million, made up of a $25 million revolving credit line and a $90 million term loan, with the option to add another $20 million in the future.

The brand’s performance is proving that the First Choice turnaround plan continues to gain ground in both marketing and operations, bucking industry headwinds.

Traffic has outpaced their competitive set, due to the advantages provided by the BreakThrough media system pioneered by Surface.

Read the full story at this link: https://www.nrn.com/casual-dining/red-robin-refinances-following-sale-of-over-100-restaurants