LogFAQs > #980284717

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Topic	Is Red Lobster really going out of business?
CADE_FOSTER 05/07/24 2:33:34 PM #39:	CADE_FOSTER posted... To raise enough cash to make the deal happen, Golden Gate sold off Red Lobster's real estate to another entity in this case, a company called American Realty Capital Properties and then immediately leased the restaurants back. And on this when interest rates went up they had to pay alot more they fucked up by selling the land off <cite>CADE_FOSTER posted [p:980284717] in Is Red Lob... [t:80764344]...</cite> <quote>CADE_FOSTER posted... </cite><quote>To raise enough cash to make the deal happen, Golden Gate sold off Red Lobster's real estate to another entity in this case, a company called American Realty Capital Properties and then immediately leased the restaurants back.</quote>And on this when interest rates went up they had to pay alot more they fucked up by selling the land off</quote> ... Copied to Clipboard!
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