04:38 PM EDT, 06/09/2025 (MT Newswires) -- Cracker Barrel Old Country Store ( CBRL ) said Monday it plans to launch a private offering of $275 million convertible senior notes due 2030 for qualified institutional buyers.
The company will grant the initial purchasers an option to purchase up to an additional $41.3 million of notes.
Cracker Barrel said it expects to use the proceeds for general corporate purposes, which may include debt repayment.