Food Industry
Industry: Email Alert RSS FeedLogan's expects $18.1M from secondary issue
Nation's Restaurant News, April 22, 1996
NASHVILLE, Tenn. -- A secondary stock issue by Logan's Roadhouse Inc. triggered about $18.1 million in net proceeds to the company with the sale of 750,000 shares of common stock, priced at $26 a share. An additional 120,000 shares offered by existing stockholders were included with the issue earlier this month.
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Logan's said proceeds are being used to expand its system, improve existing restaurants, purchase real estate and pay off debt and capital lease obligations. J.C. Bradford & Co. and Equitable Securities Corp., both of Nashville, were underwriters.
COPYRIGHT 1996 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning
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