CKE Restaurants to redeem $60 million of 11 3/8% notes due 2018

By Tali David

Minneapolis, June 14 - CKE Restaurants, Inc. plans to redeem $60 million of its 11 3/8% senior secured second-lien notes due 2018, according to a press release.

The notes will be redeemed at 103 plus accrued interest on July 16.

Following the transaction, $472.1 million will remain outstanding.

Wells Fargo Bank, NA is the trustee and paying agent.

Carpinteria, Calif.-based CKE and its subsidiaries own Carl's Jr. and Hardee's quick-service restaurant chains.

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