Largest BK franchisee announces $185M new credit arrangement

SYRACUSE N.Y. Citing more favorable interest rates and needed capital to fund expansion, Carrols Restaurant Group Inc. said Monday it entered into a new $185 million credit facility.

The funds will be used to repay all outstanding debt under the company's former credit facility and to "provide [Carrols] with the flexibility to fund the capital needs of [its] growing business," the company said in a statement.

Carrols is the largest Burger King franc

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