Wendy's seeks amendment to get $225 million of incremental term loans

By Sara Rosenberg

New York, Sept. 10 - Wendy's International Inc. is looking to amend its credit facility to obtain up to $225 million of incremental term loan B and/or term loan A debt, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Proceeds from the incremental term loans and cash on hand would be used to redeem the company's $225 million of 6.2% senior notes due 2014.

Bank of America is the administrative agent on the deal.

Wendy's is a Dublin, Ohio-based fast food chain.

© 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.