Ruth’s Hospitality and certain of its subsidiaries entered into a credit agreement with Wells Fargo as administrative agent, issuing lender and swingline lender, and Wells Fargo Securities as sole lead arranger and sole bookrunner.

According to a related 8-K filing, the credit agreement provides for a $90 million revolving credit facility with $5 million subfacility of letters of credit and a $5 million subfacility for swingline loans. Subject to the satisfaction of certain conditions and lender consent, the revolving credit facility may be increased up to a maximum of $150 million.

The credit agreement replaces the company’s $100 million existing credit facility, dated February 14, 2012. As a result of the replacement, all outstanding amounts have been paid in full, and the 2012 facility was terminated on February 2, 2017.

The loans under the agreement mature on February 2, 2022. The obligations under are guaranteed by the guarantors and are secured by a lien on substantially all of the company’s and the guarantors’ personal property assets other than any equity interests in current and future subsidiaries of the company.