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Lake Forest-based fast food chain Del Taco Holdings Inc. said on Tuesday that 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.

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The announcement follows a year for Del Taco, which has 547 restaurants, that saw a rebranding that included an updated restaurant design and new menu offerings.

Del Taco's 2013 systemwide sales, which includes company-owned and franchised locations, totaled $622 million, up 2% from the year-ago period.