Real Mex Restaurants, Inc. Prices Private Placement of $130 Million of 14% Senior Secured Notes Due 2013

CYPRESS, Calif.--(BUSINESS WIRE)--Real Mex Restaurants, Inc. (“RMR”) announced today the pricing of $130 million of senior secured notes. The 14% notes mature on January 1, 2013, and were priced at 90% of the principal amount to yield 17.983%. The offering is expected to settle and close on July 7, 2009, subject to customary closing conditions.
RMR intends to use the net proceeds from the offering to repay its existing senior secured notes, pay related fees and expenses of the transaction and to use the balance, if any, for general corporate purposes

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