Fiesta Restaurant Group, Inc. Closes the Sale of Taco Cabana to an Affiliate of Yadav Enterprises, Inc.
Retrieved on:
Tuesday, August 17, 2021
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As of July 4, 2021, the Company had $65.8 million in cash and $3.8 million in restricted cash.
Key Points:
- As of July 4, 2021, the Company had $65.8 million in cash and $3.8 million in restricted cash.
- As previously announced, subsequent to the transaction close, a portion of these funds will be used for investments to accelerate Pollo Tropicals growth.
- Fiesta Restaurant Group, Inc., owns, operates and franchises the Pollo Tropical restaurant brand.
- Yadav Enterprises, Inc. is a restaurant company operating close to 550 locations throughout Northern California, Texas and sixteen other states.