Cracker Barrel closes $750M credit facility

Cracker Barrel Old Country Story Inc. has entered into a five-year $750 million credit facility to garner greater financial flexibility, the company said Monday.

The multi-bank refinancing is comprised of a $250 million term loan and a $500 million revolving line of credit, the Lebanon, Tenn.-based company said. Cracker Barrel operates 603 family-dining restaurants in 42 states.

“It’s a deal that extends the maturity on all of the company’s borrowing

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