Fiesta Restaurant Group Inc., parent company of the Pollo Tropical and Taco Cabana restaurant brands, announced it has entered into a new senior secured credit facility with Wells Fargo Bank and JPMorgan Chase Bank, which will provide for up to $150 million in capital.

Fiesta also announced the completion of its previously announced cash tender offer and consent solicitation for its $200 million of 8.875 percent Senior Secured Second Lien Notes due 2016, which expired Dec. 11.

On Nov. 26, Fiesta accepted for purchase and payment $122,701,000 of the Notes that were validly tendered and not withdrawn on Nov. 25, representing 61.3 percent of the outstanding principal amount of the Notes.

Wells Fargo Securities LLC acted as dealer manager and solicitation agent for the tender offer and the consent solicitation, and D.F. King & Co, Inc., acted as tender agent and information agent for the tender offer and consent solicitation.

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