California Pizza Kitchen, Inc. (CPK) Announces Five-Year $150M Credit Facility; Opening of New Restaurant
California Pizza Kitchen, Inc. (CPK), with headquarters in Los Angeles, California, is a casual dining chain featuring a line of hearth-baked pizzas, including the original BBQ chicken pizza and a broad selection of pastas, salads, appetizers, soups, sandwiches and desserts. Two hundred and one of the company’s 240 restaurants are company-owned; the rest are either franchised or under a license agreement. Overseas, there are 22 restaurant located in China, Japan, Philippines, Malaysia, Singapore, Mexico, South Korea and Indonesia. In May 2008, the company announced it had entered into a $150M credit facility with a syndicate of banks. The five-year facility…