Bugaboo Creek announces finalization of $20 million line of credit.EAST PROVIDENCE, R.I.--(BUSINESS WIRE)--Jan. 10, 1996--Bugaboo Creek Steak House Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RARE) announced today it has obtained an unsecure $20 million line of credit from Citizens Bank and Fleet National Bank of Providence, R.I. This facility will be used to repay the outstanding balance on the existing $10 million line of credit and, when added to the restaurant cash flow, will provide additional funding required for future unit expansion. Bugaboo Creek Steak House Bugaboo Creek Steak House is an American steak house with locations in ten states. It is decorated as a hunting lodge in the Canadian Rockies and has won numerous 'Best Steak House' awards from CitySearch and AOL. Inc. operates two restaurant concepts: Bugaboo Creek Steak House, a casual dining restaurant with a Canadian mountain lodge theme; and The Capital Grille, a fine dining restaurant featuring dry-aged steaks and an extensive wine list. There are currently 14 restaurants, 11 Bugaboo Creek units and three Capital Grille units, open in the states of Connecticut, Maine, Maryland, Massachusetts, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pennsylvania, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Virgina and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . CONTACT: Bugaboo Creek Steak House Inc. Edward P. "Ned" Grace III 401/433-5500, ext. 120 or Mark A. Peterson 401/433-5500, ext. 123 |
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