CKE increases its term loan by $100M

CARPINTERIA Calif. Despite a tightening of the credit markets, CKE Restaurants Inc., parent of the Carl’s Jr. and Hardee’s quick-service brands, said late Monday that its lenders agreed to an increase of $100 million in its term loan, to a total of $270 million, at the same interest rate as the company’s current loan.

The company said it planned to use the proceeds to reduce the amount outstanding under its $200 million credit facility. Following the

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