The proceeds from the notes offering would be used, together with borrowings under a new, approximately $1.35bn senior credit facility and available cash, to repay in full the outstanding securitization debt of Dunkin’ Brands’ securitization subsidiaries and to pay a cash dividend to Dunkin’ Brands’ stockholders.
Following repayment of the securitization debt, the notes would be assumed by Dunkin’ Brands. The consummation of the notes offering is subject to market and other conditions.
Source: Dunkin’ Brands
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