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NEW YORK, Oct 30 (Reuters) - Restaurant chain O'Charley's Inc. (NasdaqNM:CHUX -
News) on Thursday said it would sell $125 million in senior subordinated notes due 2013 in a private sale to institutional buyers.

The company said it will use the proceeds from the sale to help repay existing debt.

Well, it's nice to pay down debt--but isn't this more debt? (Maybe the terms are better???)

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