P.F. Chang’s enters new $150M credit facility

SCOTTSDALE Ariz. P.F. Chang’s China Bistro Inc. entered into a six- year, $150 million credit agreement this month, of which it used $15 million to repay the outstanding balance on its previous credit facility.

The company said in securities filings that it planned to use the remaining $135 million to fund share repurchases; to support standby letters of credit, which are generally required by insurance companies for workers’ compensation and self-insurance program

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