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December 2009

Ruth’s Hospitality Group, Inc. Announces Proposed Transactions Intended to Strengthen the Company’s Financial Position and Improve its Flexibility

HEATHROW, Fla., December 22, 2009 (BUSINESS WIRE) -- Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH - News) today announced that it has entered into agreements with a new investor and with the current lenders under its existing credit facility that are intended to strengthen the Company’s balance sheet and improve its operating and financial flexibility. First, the Company announced that it has entered into a Securities Purchase Agreement with affiliates of Bruckmann, Rosser, Sherrill & Co. Management,...