RAVE Restaurant Group, Inc. Reports Extinguishment of Convertible Notes
DALLAS, Feb. 15, 2022 /PRNewswire/ --Dallas-based RAVE Restaurant Group, Inc. [NASDAQ: RAVE], parent company of Pie Five Pizza Co. and Pizza Inn restaurants, is pleased to announce the payment of all amounts due under its 4% Convertible Senior Notes due 2022 (the "Notes").
- DALLAS, Feb. 15, 2022 /PRNewswire/ --Dallas-based RAVE Restaurant Group, Inc. [NASDAQ: RAVE], parent company of Pie Five Pizza Co. and Pizza Inn restaurants, is pleased to announce the payment of all amounts due under its 4% Convertible Senior Notes due 2022 (the "Notes").
- The payoff of the Notes in cash means that no further conversion of Notes into common stock will occur.
- "The extinguishment of this debt provides for increased flexibility as we invest in future growth initiatives for both of our brands," said Clint Fendley, Chief Financial Officer of RAVE Restaurant Group, Inc.
- Founded in 1958, Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] franchises and/or licensesPie Five Pizza Co. and Pizza Inn restaurants and Pizza Inn Express kiosks domestically and internationally.