Cheesecake Factory ups credit facility by $100M

CALABASAS HILLS Calif. The Cheesecake Factory Inc. secured an additional $100 million in credit and earmarked the funds to repurchase company stock, the restaurant operator said Thursday.

The company expects to use the credit, along with its free cash flow, to repurchase between $150 million and $200 million in its common shares this year, it said. After an increase to its stock repurchase authorization last month, Cheesecake can now buyback about 17.5 million

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