Red Robin Refranchises 86 Units for $72.5M

Red Robin refranchises 86 units for $72.5M

Since May, the chain has entered three agreements to offload over 100 restaurants to franchisees as it works to raise capital to pay down debt.

Red Robin to sell 86 restaurants in $72.5M refranchising push (RRGB:NASDAQ)

Red Robin sells 86 restaurants for $72.5M in refranchising deals to cut debt and boost flexibility.

National burger chain selling 86 more restaurants

An Arapahoe County-based chain plans to pay down its debt after selling dozens of U.S. locations in deals struck this spring.

Red Robin Gourmet Burgers, Inc. Announces Two Additional Refranchising Agreements

Red Robin Announces the Sale of 86 Restaurants for $72.5 million to Support “First Choice Plan” Englewood, CO  (RestaurantNews.com)  Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (“Red Robin” or the “Company”), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, has entered into two separate refranchising agreements with experienced multi-unit restaurant operators for…

Red Robin to sell 86 restaurants to franchisees for $72.5M

The two separate deals are the latest in a refranchising effort at the casual-dining chain to help pay down debt.