Chuy’s announced that it successfully completed its previously announced $50 million “at-the-market” offering and paid down its $25 million revolving credit facility.
The company issued 3,041,256 shares of its common stock and received $50 million before deducting commissions and offering expenses payable by the Company. A portion of the proceeds were used to repay all of the company's $25 million of outstanding debt under its revolving credit facility.
The company intends to use the remaining net proceeds from the ATM offering for general corporate purposes, including, but not limited to, further increasing its liquidity as a result of the COVID-19 pandemic.
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