Ruth’s Hospitality set to raise nearly $70M

HEATHROW Fla. Ruth’s Hospitality Group Inc., the parent of Ruth’s Chris Steak House and other upscale casual-dining chains, is taking steps to pay down debt by garnering as much as $69.7 million through a stock sale to a private equity group, a stock offering to shareholders and the sale of its headquarters building.

The company, which operates or franchises about 150 restaurants, also amended its credit facility, reducing its credit line, extending its maturity date

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.