July 30, 2020 / 10:47 AM / in 16 days

French restaurant chain Buffalo Grill secures 65 mln euro loan

PARIS, July 30 (Reuters) - French restaurant chain Buffalo Grill said it had secured a 65 million euros ($76.3 million) loan to strengthen its financial position, as the global restaurant industry continues to struggle due to the COVID-19 pandemic.

Buffalo Grill said the French government had guaranteed 80% of the value of the loan, which was arranged by Barclays , SocGen and Arkea.

$1 = 0.8514 euros Reporting by Sudip Kar-Gupta; Editing by Edmund Blair

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