Cheesecake Factory Getting $200M Cash Infusion

Restaurant chain The Cheesecake Factory, with two prominent area locations, has received $200 million in financing from a private investment group.

The company, based in California, has locations in the Country Club Plaza, as well as one on 119th Street in Overland Park that are usually jam packed with customers, but all of its nearly 300 locations nationwide are closed due to the COVID-19 pandemic.

“This transaction not only meaningfully enhances our liquidity position to navigate the near-term COVID-19 landscape and get our affected staff members back to work as soon as practicable, but also importantly, solidifies our ability to manage the business for the long-term for all of our stakeholders once we emerge on the other side of this crisis,” said Cheesecake Factory Chairman and CEO David Overton.