Red Robin completes sale of 108 restaurants for $89.4 million proceeds
Red Robin completed the sale of 108 company-owned restaurants for $89.4 million in gross proceeds, with transactions involving three experienced multi-unit operators aimed at strengthening its balance sheet for debt refinancing.
Red Robin completed the sale of 108 company-owned restaurants for $89.4 million in gross proceeds.
The casual dining chain says the transactions with three experienced multi-unit operators will help strengthen its balance sheet and support debt refinancing.
Eight additional restaurants are expected…