Jack in the Box closes $600 million credit facility

Jack in the Box Inc. said Tuesday it closed on a $600 million credit facility which will be used to pay down existing bank debt.

The San Diego-based parent to the 2,200-unit Jack in the Box quick-service chain and the 500-unit fast-casual Qdoba Mexican Grill concept, said the new, five-year facility is comprised of a $400 million revolving credit facility and a $200 million term loan.

Proceeds from the refinancing will be used to retire a $150 million revolver, which was due in

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