Cheesecake Factory inks $200M credit line

The Cheesecake Factory Inc. on Tuesday said it has entered into a new revolving credit facility that will allow for more flexibility and a lower cost of capital as the company prepares to relaunch growth next year.

In addition, the Calabasas Hills, Calif.-based casual-dining chain said it has paid off remaining debt on its prior credit facility, while maintaining a cash balance of about $50 million.

The new unsecured, five-year facility, which matures on Dec. 3, 2

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