Davis Polk advised Ruby Tuesday, Inc., as borrower, in connection with a senior secured 364-day revolving credit facility in the amount of $20 million, including a $15 million letter of credit sublimit, which new facility replaced Ruby Tuesday’s existing revolving credit facility. 

Ruby Tuesday, Inc., based in Maryville, Tennessee, is the owner, operator and franchisor of the eponymous casual restaurant chain with over 600 company-owned and franchised restaurants all over the world.

The Davis Polk credit team included partner Lawrence E. Wieman and associates Kyle D. Bady and Chandni Saxena. Associates Brian D. Hirsch, Lisa M. Doolittle and Cameron W. Ormsby provided real estate advice. Associate Pedro J. Bermeo provided capital markets advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post