Daniel J. Dorsch, President and Chief Executive Officer commented, "This credit facility ensures that we will be able to pay off our bonds at maturity and gives us additional time to close our previously announced market sale transactions. I hope to repay the majority of the borrowings on the credit facility with the proceeds from market sales which should leave the Company with a strong balance sheet.'' Dorsch continued, "I am very much looking forward to getting the market sales and debt restructuring behind us so we can continue to focus on improving restaurant operations and strengthening the franchise system.''
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