Krispy Kreme refinances with $700 million term A, $300 million revolver

By Wendy Van Sickle

Columbus, Ohio, March 23 – Krispy Kreme Doughnuts, Inc. refinanced its credit facilities with new term loan A and revolving facilities in the amounts of $700 million and $300 million, respectively, according to a news release.

The new facilities’ terms are extended until March 2028 at the same terms as the existing facilities.

The refinancing does not change the company’s net debt.

Krispy Kreme said it continues to expect between $39 million and $43 million of interest expense and to continue to de-lever its balance sheet in 2023, as part of its efforts toward its 2026 net leverage goal of 2.0x to 2.5x.

Krispy Kreme is a Winston-Salem, N.C.-based specialty retailer and wholesaler of sweet treats and complementary products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.