CANTON, Mass., Jan. 6, 2015 /PRNewswire/ -- Dunkin' Brands
Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' Donuts
(DD) and Baskin-Robbins (BR), announced today its intention to
refinance its senior secured credit facilities with a new
securitized financing facility.
As of September 27, 2014, the
outstanding balance under Dunkin' Brands' senior secured credit
facility was approximately $1.8
billion. Dunkin' Brands intends to replace its senior
secured credit facility with a new securitized financing facility,
expected to be comprised of $2.3
billion of senior fixed-rate term notes and $100 million of variable funding notes
(collectively, the "Notes"). The net proceeds of the
securitized financing facility are expected to be used to repay all
of the existing indebtedness under the senior secured credit
facility, pay the transaction costs and fund the reserve accounts
associated with the refinancing, and for general corporate
purposes, which may include stock repurchases. The consummation of
the Notes offering is subject to market and other conditions and is
anticipated to close in the first quarter of 2015.
However, there can be no assurance that Dunkin' Brands will be
able to successfully complete the refinancing transaction, on the
terms described or at all.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other security.
The Notes have not been, and will not be, registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws, and may not be offered or sold in
the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws.
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SOURCE Dunkin' Brands Group, Inc.