O’Charley’s completes $105M sale-leaseback deal

O’Charley’s completes $105M sale-leaseback deal

O’Charley’s Inc. has competed a $105 million sale-leaseback deal for 50 O’Charley’s restaurant properties with real estate investment firm STORE Capital of Scottsdale, Ariz.

The company said it will use net proceeds from the 20-year sale-leaseback deal, about $103.8 million, as well as $11.4 million in available cash to pay off long-term debt.

“The impact of the two transactions will be a decrease in annual interest expense associated wit

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