Yum! Brands to repay revolving credit facility via new note offering

By Tali Rackner

Minneapolis, June 12 – Yum! Brands Inc. plans to repay outstanding amounts under its revolving credit facility using proceeds from a $500 million senior note offering, according to a company press release.

Wholly owned subsidiaries KFC Holding Co., Pizza Hut Holdings, LLC and Taco Bell of America, LLC are offering the notes due 2027.

Proceeds will also be used to make a cash distribution to Yum! Brands to fund share repurchases, dividends and/or repayment of debt.

Yum! Brands is a Louisville, Ky.-based quick-service restaurant operator.

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