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BRIEF-Kona Grill upsizes secured credit facilities to $60 mln
October 12, 2016 / 6:05 PM / a year ago

BRIEF-Kona Grill upsizes secured credit facilities to $60 mln

Oct 12 (Reuters) - Kona Grill Inc

* Kona grill upsizes secured credit facilities to $60,000,000

* Kona Grill Inc- amended credit facilities consist of $45 million senior secured revolving credit facility,$15 million senior secured term loan facility

* Kona Grill Inc- amended credit facilities replace an existing $35 million credit line

* Kona Grill Inc - facilities have a five-year term with an option to extend term for one year upon lenders’ consent

* Kona Grill-ammended facilities contain an accordion feature that could increase availability by an additional $25 million for total availability of $85 million Source text for Eikon: Further company coverage:

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