Yum! Brands to repay revolver borrowings with proceeds from new notes

By Marisa Wong

Los Angeles, Sept. 4 – Yum! Brands, Inc. said it plans to repay outstanding borrowings under its revolving credit facility using proceeds from an offering of senior notes.

The company announced on Wednesday that it plans to offer $600 million of senior notes due 2030.

Proceeds will also be used to repay $250 million of the company’s 5.3% senior notes due 2019.

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

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