Jack in the Box (JACK) Amends Credit Agreement and Approves Additional $300M Buyback
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Jack in the Box Inc. Amends Credit Agreement and Announces Additional $300 Million Share Repurchase Program
September 22, 2016 4:05 PM EDTSAN DIEGO--(BUSINESS WIRE)-- Jack in the Box Inc. (NASDAQ: JACK) today announced completion of an amendment to its existing senior credit facility. Under the terms of the amendment, the credit facility was increased to $1.6 billion, which consists of a $700 million term loan and $900 million revolving credit facility.
Following the amendment on September 16, 2016, $700 million was outstanding on the term loan and approximately $307.5 million was drawn or used for letters of credit under the revolving credit facility.
The maturity date for both the revolving credit facility and the term loan... More
