Dunkin' Brands' proposed US$110M amendment to its bank credit facility is credit positive, company's ratings and stable outlook unaffected, Moody's says
Nevin Barich
NEW YORK
,
January 27, 2014
(press release)
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Moody's Investors Service stated today that Dunkin' Brands Inc.'s (Dunkin' Brands) proposed amendment to its bank credit facility is credit positive and the company's ratings and stable rating outlook are unaffected. The company is seeking to favorably re-price the facility, extend maturities by one year and replenish its share repurchase authorization to $110 million. For further information, please see www.moodys.com.
Dunkin' Brands, Inc. is the franchisor of over 18,000 quick service restaurants under the brand names Dunkin' Donuts and Baskin-Robbins. The company only owns and operates a very small number of its own stores. Annual revenues are approximately $690 million, although systemwide sales are over $9.0 billion.
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