Ruby Tuesday, bankers agree to new credit facility terms

MARYVILLE Tenn. Ruby Tuesday Inc. said Thursday it has agreed with its bankers and note holders on new terms surrounding its credit facility, but did not outline the changes.

The casual-dining company said it would need “several weeks” to finalize the new agreements, which were necessary because the operator had expected to break its debt-to-earnings covenant and enter default. Ruby Tuesday’s debt totaled about $590 million on Dec. 4, 2007, and the company

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