Lake Forest-based fast-food chain Del Taco Holdings Inc. said it refinanced about $260 million in debt in exchange for a lower interest rate.
The transaction included a $220 million term loan and a $40 million revolving credit line.
The announcement follows a year that included a rebranding for Del Taco, with an updated restaurant design and new menu offerings.
Del Taco, which has 547 restaurants, had 2013 systemwide sales of $622 million, up 2% from the year-ago period.
―Kari Hamanaka
