Saturday, July 04, 2009

Cracker Barrel Closes $58 Million Sale Leaseback of Retail Distribution Center and 14 Restaurants

Trading Markets - July 1, 2009

Cracker Barrel Old Country Store, Inc. (CBRL) announced the closing of the sale-leaseback of its retail distribution center and fourteen of its store locations, with a fifteenth expected to close on or before July 31st. The transactions are expected to produce aggregate gross proceeds of approximately $57.6 million, consisting of $12.4 million relating to the distribution center and slightly more than $3 million for each of the 15 store locations. Sphere: Related Content

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