Industry News | November 3, 2011

Credit Facility Keeps Pizza Inn, Pie Five Growing

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Pizza Inn Holdings, Inc. announces an amendment and restatement of its term loan credit facility with Amegy Bank that expands the term facility by $4 million, providing additional capacity for continued growth of company-owned Pie Five Pizza Co. and Pizza Inn stores.

"Amegy Bank has been a valuable partner in executing the growth plan of our heritage, buffet-style restaurant concept and in the growth and development strategy of our new Pie Five fast casual concept," says Charlie Morrison, president and CEO of Pizza Inn. "The expansion in the facility demonstrates confidence from Amegy and Pizza Inn in our new fast casual Pie Five restaurant concept."

"Amegy Bank is excited to build upon our existing relationship with Pizza Inn as it continues to grow its business and expand its concepts to include the new Pie Five restaurants," says Amegy Bank Dallas CEO and President Matt Hildreth. "Supporting growing businesses as they work to strengthen our economy is a big priority for us at Amegy, and our partnership with Pizza Inn demonstrates that."

Pizza Inn Holdings, Inc. is an owner, franchisor, and supplier of a system of restaurants operating domestically and internationally under the trademarks "Pizza Inn" and "Pie Five Pizza Co." The Company and its distribution division, Norco Restaurant Services Company, are headquartered in The Colony, Texas.

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