Famous Dave's of America, Inc.
DAVE today announced that it has amended its existing credit facility
with Wells Fargo Bank, NA, to extend its revolving line of credit for an
additional five years, to modify the maturity on its term loan to be
coterminous with the credit facility, and to allow for an additional $30.0
million in stock repurchases over the next five years.
The credit facility is
available for general working capital purposes as well as for the repurchase
of shares under the company's share repurchase program. At July 5, 2011, the
principal amount of debt outstanding under the Company's amended and restated
credit facility was $10.4 million.
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