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SPAGHETTI WAREHOUSE, INC. SECURES $30 MILLION CREDIT FACILITY

 GARLAND, Texas, June 7 /PRNewswire/ -- Spaghetti Warehouse, Inc. (NYSE: SWH), a Garland, Texas-based, Italian restaurant chain, today announced that it has executed a $30 million credit facility which has been provided jointly by Bank One, Texas, N.A. and NationsBank of Texas N.A. The facility consists of a $15 million fixed rate 10-year term loan and a $15 million floating rate revolving line. The proceeds will be used to repay existing bank indebtedness of $7.5 million and to construct new restaurants. The company anticipates that the proceeds of these loans along with its cash flow from operations should be sufficient to fund its planned expansion through June 30, 1995.
 Founded in 1972, the publicly traded company presently operates 31 company-owned restaurants in 15 states, and six franchised restaurants, five of which are located in Canada.
 -0- 6/7/93
 /CONTACT: William B. Rea Jr., vice president-finance of Spaghetti Warehouse, Inc., 214-226-6000/
 (SWH)


CO: Spaghetti Warehouse, Inc. ST: Texas IN: LEI SU:

TM -- NY086 -- 6239 06/07/93 17:15 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:172
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