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Fiesta Restaurant Group, Inc. (FRGIV) Message Board

  • otis_53 otis_53 Nov 13, 2013 5:48 PM Flag

    Please help me understand what this means .....

    Help.. I am a mere novice investor and I don't understand the jargon which the pros reading this message do.

    Please advise what the below verbiage from a FRGI press release means.

    Given the fact that FRGI has risen since this announcement then please explain why the information is good news.

    Thanks.
    ________________________________________________________

    Fiesta Restaurant Group, Inc. (FRGI), ... announced today that it has commenced an offer to purchase for cash any and all of the $200 million outstanding principal amount of its 8.875% Senior Secured Second Lien Notes due 2016 (the “Notes”). In conjunction with the tender offer, Fiesta is soliciting consents to effect certain proposed amendments to the indenture governing the Notes and certain security documents. The tender offer and consent solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement, dated November 12, 2013....

    .

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FRGI
49.90-1.11(-2.18%)Aug 20 4:00 PMEDT

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