The total debt of the Company remains unchanged.
The Company refinanced its senior secured credit facilities with new credit facilities consisting of a $1.379bn term loan due February 2021, a $450m term loan due September 2017 and a $100m revolving credit facility due February 2019.
“The strong credit market and high demand for Dunkin’ Brands’ term loan and revolving loan have enabled us to lower our weighted average cost of debt,” said Paul Carbone, Dunkin’ Brands chief financial officer. “As a result, we expect interest expense savings of $10m in 2014. Our previously provided guidance of $1.79-1.83 for adjusted earnings per share is inclusive of the savings from the refinancing.”
Source: Dunkin’ Brands Group
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