Wendy's working on new $200 million revolver

By Sara Rosenberg

New York, Nov. 6 - Wendy's/Arby's Group Inc. is currently negotiating the terms of a new $200 million secured revolving credit facility (Ba1), according to a 10-Q filed with the Securities and Exchange Commission on Thursday.

The company anticipates finalizing the revolver in the fourth quarter.

In addition, the company said on Thursday that it plans to prepay roughly $40 million of the term loan debt under the Arby's Restaurant Group Inc. credit facility within the next 12 months to assure compliance with covenants, including the maximum lease adjusted leverage ratio.

During the third quarter, $45 million of the Arby's term loan was prepaid.

Wendy's is an Atlanta-based quick-service restaurant company.

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