Pizza Inn Holdings announces amendment, restatement of term loan credit facility, expanding facility by US$4M and providing additional capacity for continued growth

Nevin Barich

Nevin Barich

THE COLONY, Texas , November 1, 2011 (press release) – Pizza Inn Holdings, Inc. (Nasdaq:PZZI - News) today announced an amendment and restatement of its term loan credit facility with Amegy Bank that expands the term facility by $4.0 million, providing additional capacity for continued growth of company-owned Pie Five Pizza Co. and Pizza Inn stores.

"Amegy Bank has been a valuable partner in executing the growth plan of our heritage buffet-style restaurant concept and in the growth and development strategy of our new Pie Five fast casual concept," said Charlie Morrison, president and CEO of Pizza Inn. "The expansion in the facility demonstrates confidence from Amegy and Pizza Inn in our new fast casual Pie Five restaurant concept."

"Amegy Bank is excited to build upon our existing relationship with Pizza Inn as it continues to grow its business and expand its concepts to include the new Pie Five restaurants," said Amegy Bank Dallas CEO and President Matt Hildreth. "Supporting growing businesses as they work to strengthen our economy is a big priority for us at Amegy and our partnership with Pizza Inn demonstrates that."

Pizza Inn Holdings, Inc. is an owner, franchisor and supplier of a system of restaurants operating domestically and internationally under the trademarks "Pizza Inn" and "Pie Five Pizza Co." The Company and its distribution division, Norco Restaurant Services Company, are headquartered in The Colony, Texas. The Company's common stock is listed on the Nasdaq Capital Market under the symbol "PZZI." For more information, please visit www.pizzainn.com.

The Pizza Inn logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4933

Amegy Bank of Texas is one of the fastest growing banks in Texas. With assets of more than $11 billion, local decision making and a history of relationship banking, Amegy has the resources to serve leading Texas companies as a source of capital as well as provide efficient and effective treasury management, international and investment services. The Bank, with more than 80 locations in the state, specializes in small business banking as well as private financial management and trust services for families and individuals, and retail and mortgage banking services.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.