Famous Dave’s successfully signed a new $11 million credit line with Venture Bank. The loan consists of three pieces and was done at interest rates of 4.25% and LIBOR+3.25%.
On December 2, 2016, the company off its $9.9 million loan with Wells Fargo.
According to a related 8-K filing, the new loan consists of:
Minnetonka, MN-based Famous Dave’s owns and franchises a chain of barbecue restaurants.
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