07:46 AM EST, 11/11/2024 (MT Newswires) -- First Watch Restaurant Group ( FWRG ) said Monday it has agreed to buy 15 of its franchise-owned restaurants, one under-construction restaurant, and corresponding development rights for $49 million in Carolinas.
The company intends to finance the acquisition, expected to be completed by mid-April next year, through cash and available borrowings under its credit facility, it added.