Morton's obtains new $70M credit facility

Morton's Restaurant Group Inc. said it entered into a new $70 million credit facility with Goldman Sachs Bank USA.

The new financing replaces a former $70 million facility that was set to mature in early 2011, Morton's said Thursday.

The new five-year credit facility includes a $60 million senior term loan and a $10 million senior revolving credit facility. It carries a short-term variable interest rate and a leverage-based margin. Morton’s said the term lo

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