Carrols Restaurant Group Completes Refinancing

Carrols Restaurant Group, Inc. TAST, the parent company of Carrols Corporation, announced today that its indirect wholly-owned subsidiary, Fiesta Restaurant Group, Inc., closed its previously announced offering of $200 million of 8.875% senior secured second lien notes due 2016. Fiesta Restaurant Group owns and operates the Pollo Tropical and Taco Cabana restaurant businesses. The 8.875% senior secured second lien notes due 2016 are senior secured obligations of Fiesta Restaurant Group and are guaranteed by its material subsidiaries.