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Carrols looks to ease debt by cutting capital outlays

SYRACUSE N.Y. Carrols Restaurant Group Inc., the largest Burger King franchisee and owners of the Pollo Tropical and Taco Cabana quick-service brands, said Wednesday it would cut capital expenditures this year and next to focus on debt repayment.

The company said it would reduce its planned spending this year by as much as $15 million, to a target between $65 million and $70 million, and slash discretionary capital spending next year to just $30 million.

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