 SYRACUSE, N.Y., June 23, 2021 GLOBE NEWSWIRE -- Carrols Restaurant Group, Inc. NASDAQ: TAST Carrols Restaurant Group announced today that it plans to offer, in a private placement, senior notes due 2029 in the aggregate principal amount of 300 million the Notes. Carrols Restaurant Group is the largest U.S. Burger King franchisee based on the number of restaurants and has owned and operated Burger King restaurants since 1976. As of April 4, 2021, the Company owned and operated 1,010 Burger King restaurants and 65 Popeyes restaurants. Carrols Restaurant Group intends to use the net proceeds of the private placement of the Notes and 46 million of revolving credit borrowings under its senior credit facility i to repay 74.0 million of outstanding term loan B-1 borrowings and 244.0 million of outstanding term loan B borrowings under its senior credit facility, ii to pay fees and expenses related to the offering of the Notes and the amendment to its senior credit facility, and iii for working capital and general corporate purposes, including for possible future repurchases of its common stock andor a dividend payment andor payments on its common stock. 