Printer Friendly

ON THE BORDER CAFES, INC. ANNOUNCES EXECUTION OF REVOLVING CREDIT FACILITY

 DALLAS, Aug. 17 /PRNewswire/ -- On The Border Cafes, Inc. (NASDAQ: OTBC) announced today the execution of a revolving credit facility with a bank by which the company may borrow up to $2,500,000 through Aug. 12, 1995. The line may be used to finance new restaurant site acquisition and construction as well as conversions of existing properties. The company has announced plans to open five new On The Border cafes in the remainder of 1993 and the first quarter of 1994.
 There are currently 16 restaurants system-wide with 11 operated by the company and six operated by franchisees. The company is traded in the NASDAQ Stock Market under the symbol "OTBC."
 -0- 8/17/93
 /CONTACT: Raymond E. Yoakum, chief financial officer of On The Border Cafes, Inc., 214-905-7500/
 (OTBC)


CO: On The Border Cafes, Inc. ST: Texas IN: LEI SU:

SM -- NY011 -- 3385 08/17/93 08:19 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 17, 1993
Words:151
Previous Article:NORTHERN TELECOM OFFERS MAGELLAN GATEWAY ATM SWITCH DESIGNED TO SUPPORT INFORMATION SUPERHIGHWAYS DEVELOPED UNDER AGREEMENT WITH GTE
Next Article:SAFARI CLIMATE RESPONSE MASCARA, LIP SPF AND LIP LINER PROVIDES THE FINISHING TOUCH TO RALPH LAUREN'S FALL 1993 WOMENSWEAR COLLECTION
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters