|
|
Article: CKE RESTAURANTS SIGNS DEFINITIVE FINANCING AGREEMENT AND FORMS NEW ENTITY TO CONTINUE BOSTON CHICKEN EXPANSION
- Article from:
- PR Newswire
- Article date:
- April 18, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ANAHEIM, Calif., April 18 /PRNewswire/ -- CKE Restaurants Inc. (NYSE: CKR) today announced it has signed a definitive financing agreement with Boston Chicken Inc. (Nasdaq: BOST), creating a new entity called Boston West, LLC that will continue the development of Boston Chicken stores in CKE's established California development territory.
Boston West will have total capital resources, including assets from CKE Restaurants and financing from Boston Chicken, that will aggregate more than $100 million at full funding -- making it one of the largest and best capitalized Boston Chicken development areas in the country.
As previously announced, CKE Restaurants will ...