Cracker Barrel Old Country Store entered into a five-year $950 million revolving line of credit. The new credit facility replaces the company’s previous $750 million revolving line of credit.

Bank of America served as the administrative agent and collateral agent on the transaction. Merrill Lynch, Wells Fargo Securities, Rabobank, New York Branch and SunTrust Robinson Humphrey served as the joint lead arrangers and joint bookrunners, while Wells Fargo Bank, Rabobank, New York Branch and SunTrust Bank served as co-syndication agents. Regions Bank, U.S. Bank and PNC Bank acted as co-documentation agents. First Tennessee Bank, Synovus Bank and Pinnacle Bank participated in the facility.

“We believe this transaction, which provides us with greater financial flexibility on favorable terms, demonstrates the confidence of the financial community in our company, the Cracker Barrel brand, and our strategic direction,” said Jill Golder, Cracker Barrel senior vice president and chief financial officer.

At the time of closing, there were $400 million in borrowings under the new line of credit, in addition to letters of credit issued over the normal course of the company’s business.