Wendy's to use credit facility to redeem notes, refinance existing loan

By Tali David

Minneapolis, April 3 - Wendy's Co. plans to use the proceeds from its proposed credit facility to finance the redemption of Wendy's Restaurants' $565 million of 10% senior notes due 2016, refinance the existing senior secured credit facility and for general corporate purposes, according to an 8-K filed with the Securities and Exchange Commission.

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

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