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Posados group obtains $13m for debt, growth – News Digests

Posados group obtains $13m for debt, growth – News Digests – Brief Article

TYLER, TEXAS — Posados Cafe Inc., owner of the 13-unit Posados Cafe casual-dining chain, entered into a $13 million floating-rate facility with American Commercial Capital of Carlsbad, Calif.

Posados, which has Mexican restaurants in Texas, Louisiana and Oklahoma, plans to use the funds to refinance debt and help fuel new-unit construction. American Commercial is an arm of Wells Fargo & Co.

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