Daily News: November 17, 2017

UBS Amends Ruby Tuesday $20MM Facility

Restaurant chain Ruby Tuesday amended its 364-day senior secured revolving credit agreement with, among other parties, UBS AG, Stamford Branch, as administrative agent and as issuing bank.

Among other things, the amendment clarifies the definition of “indebtedness” and permits liens on deposit accounts and related assets, each relating to the establishment or maintenance of depository relations with banks or cash management services.

The amendment is effective as of November 13, 2017. As of November 13, 2017, the company has no amounts drawn under the revolving loan commitment under the credit facility, and has $11.9 million drawn under standby letters of credit under the credit facility.