RAVE Restaurant Group extinguishes $1.6M convertible notes due 2022 in cash

RAVE RESTAURANT GROUP, INC.

Paid $1.6 million in cash at maturity on February 15, 2022 for 4% Convertible Senior Notes due 2022.
Notes extinguished without conversion, eliminating potential dilution from conversion into common stock.
CFO Clint Fendley says payoff increases financial flexibility for growth investments in Pie Five and Pizza Inn.

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