Dunkin’ Brands: intends to refinance credit facilities

Canton / MA. (db) Dunkin´ Brands Group Inc., the parent company of Dunkin´ Donuts (DD) and Baskin-Robbins (BR), announced its intention to refinance its senior secured credit facilities with a new securitized financing facility. As of September 27, 2014, the outstanding balance under Dunkin´ Brands´ senior secured credit facility was approximately 1.8 billion USD. Dunkin´ Brands intends to replace its senior secured credit facility with a new securitized financing facility, expected to be comprised of 2.3 billion USD of senior fixed-rate term notes and 100 million USD of variable funding notes. The net proceeds of the securitized financing facility are expected to be used to repay all of the existing indebtedness under the senior secured credit facility, pay the transaction costs and fund the reserve accounts associated with the refinancing, and for general corporate purposes, which may include stock repurchases. The consummation of the Notes offering is subject to market and other conditions and is anticipated to close in the first quarter of 2015. However, there can be no assurance that Dunkin´ Brands will be able to successfully complete the refinancing transaction, on the terms described or at all.