Carl's increases kitty for stock buybacks

CARPINTERIA Calif. Carl's Jr. parent CKE Restaurants Inc. has earmarked an additional $50 million for the repurchase of stock, raising its total buyback allocation to $250 million. Simultaneously, the company said it has raised the amount of its term loan by $50 million, to $170 million, which will be used to reduce its revolving line of credit facility by $50 million.

CKE's board originally authorized $20 million for the repurchase of stock, roughly three yea

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