Cracker Barrel Old Country Store announced that it has entered into a five-year $950M revolving line of credit. This new credit facility replaces the previous $750M revolving line of credit. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Cooperatieve Rabobank U.A., New York Branch, and SunTrust Robinson Humphrey, Inc. are the Joint Lead Arrangers and Joint Bookrunners; and Bank of America, N.A., is the Administrative Agent and Collateral Agent. Wells Fargo Bank, National Association, Cooperatieve Rabobank U.A., New York Branch, and SunTrust Bank are Co-Syndication Agents; and, Regions Bank, U.S. Bank National Association, Branch Banking and Trust Company, and PNC Bank, National Association are Co-Documentation Agents. First Tennessee Bank, Synovus Bank, and Pinnacle Bank also participated in the facility.
