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11/6/2009 - Cracker Barrel Old Country Store (NASDAQ:CBRL) said Friday that lenders have agreed to give the company more time to pay back a revolving credit facility and certain term loans. The company will now have access to $165 million available under a $250 million revolving credit facility until January 2013, instead of April 2011. The maturity of $250 million of $643 million worth of terms loans was pushed back by three years to April 2016. Executive Vice President and CFO Sandra B. Cochran said, "We are pleased to successfully complete this amendment, strengthening our capital structure by extending the maturities of our revolver and a portion of our term loans. We will also be able to appropriately size our revolver to a level consistent with our improved inventory management and cash flow needs. We appreciate the response from our lenders and their assistance in making these important enhancements to our credit facilities."

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