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November 30, 2015 9:22 PM ET

Hotels, Restaurants and Leisure

Company Overview of Einstein Noah Restaurant Group, Inc.

Company Overview

Einstein Noah Restaurant Group, Inc., together with its subsidiaries, owns, operates, franchises, and licenses bagel specialty restaurants in the United States. It owns, franchises, or licenses various restaurant concepts primarily under the Einstein Bros. Bagels, Noah’s New York Bagels, and Manhattan Bagel Company brands. The company also produces and sells bagels for third party resellers, as well as to a wholesaler and a distributor. As of April 1, 2014, it operated 862 restaurants consisting of 459 company-owned and operated restaurants, 115 franchised restaurants, and 288 licensed restaurants. The company was founded in 1992 and is headquartered in Lakewood, Colorado.

555 Zang Street

Suite 300

Lakewood, CO 80228

United States

Founded in 1992

6,824 Employees



Key Executives for Einstein Noah Restaurant Group, Inc.

Chief Financial Officer
Age: 49
Executive Vice President of Franchise & Restaurant Development
Age: 52
Chief Accounting Officer and Controller
Age: 64
General Manager of Einstein Bros. Bagels - Boca Raton
Director of Operations - Southwest Region
Compensation as of Fiscal Year 2015.

Einstein Noah Restaurant Group, Inc. Key Developments

Einstein Noah Restaurant Group to Close 39 Stores Across the Country

Einstein Noah Restaurant Group is closing 39 under-performing locations nationwide, though none of the affected stores are in Colorado. It operates about 400 restaurants nationwide, including 36 in Colorado, under three brands - Einstein Bros. Bagels, Noah's New York Bagels and Manhattan Bagel.

Einstein Noah Restaurant Group, Inc. Enters into New Credit Agreement for Revolving Credit Facility of Up to $20,000,000

In connection with the repayment of the Amended and Restated Credit Agreement dated as of December 6, 2012, by and among Einstein Noah Restaurant Group, Inc. (the Company), with Bank of America, N.A., as administrative agent, and the lenders named therein (the Credit Agreement), on November 5, 2014, the Company entered into a new Credit Agreement (the Interim Credit Agreement), among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of America, N.A., as administrative agent, certain lenders party thereto, and the L/C Issuer (as defined in the Interim Credit Agreement), pursuant to which the Company will obtain a revolving credit facility of up to $20,000,000, the proceeds of which will be used for the purposes of (i) refinancing certain of the Company's existing indebtedness, and (ii) financing the ongoing working capital, capital expenditure, and general corporate needs of the Company and its subsidiaries.

Einstein Noah Restaurant Group, Inc.(NasdaqGM:BAGL) dropped from Russell 2000 Index

Einstein Noah Restaurant Group, Inc. will be removed from the Russell 2000 Index.

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