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Author: SirTas Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35  
Subject: notes and debt Date: 10/30/2003 8:42 PM
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http://biz.yahoo.com/rf/031030/leisure_ocharleys_notes_1.html

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???)

--SirTas
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