Nathan’s Famous to redeem $40 million 6 5/8% secured notes due 2025

By Rebecca Melvin

Concord, N.H., Dec. 15 – Nathan’s Famous Inc. has called for redemption $40 million of its $150 million outstanding 6 5/8% senior secured notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on Jan. 26, 2022 at a redemption price of 101.656 in accordance with the notes’ Nov. 1, 2017 indenture.

U.S. Bank NA is trustee of the issue. Prior to the redemption date, the company will deposit with U.S. Bank an amount of funds sufficient to redeem the redeemed notes, including accrued interest up to, but excluding, the redemption date.

The fast-food chain is based in Jericho, N.Y.

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