Grill Concepts raises $14.1 million for expansion of concepts

LOS ANGELES Grill Concepts Inc., which is based in Los Angeles, said it raised $14.1 million before deductions in a private offering to fund the expansion of the company’s Daily Grill and Grill on the Alley restaurant concepts.

Some of the proceeds would be used to pay off funded debt, including the buyout last year of Hotel Restaurant Properties, a group that helps find hotel locations for restaurants. Proceeds also would go toward general working capital, said

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