Carrols Corporation Announces Completion of Its Tender Offer and Consent Solicitation for Its Outstanding 9% Senior Subordinated Notes Due 2013

Carrols Restaurant Group, Inc. TAST announced today the completion of Carrols Corporation's tender offer and consent solicitation for its 9% Senior Subordinated Notes due 2013. On August 5, 2011, Carrols accepted for purchase and payment $118,366,000 of the Notes that were validly tendered and not withdrawn at or prior to 5:00 p.m., New York City time, on August 4, 2011. On August 22, 2011, Carrols accepted for purchase and payment $400,000 of additional Notes that were validly tendered after 5:00 p.m., New York City time, on August 4, 2011 but prior to the expiration of the tender offer and consent solicitation at 12:00 midnight, New York City time, on August 18, 2011. In total, the Company purchased $118,766,000 of Notes in the tender offer and consent solicitation, representing 71.98% of the outstanding Notes prior to the launch of the tender offer and consent solicitation.