Domino's commences recapitalization program

ANN ARBOR Mich. Domino's Pizza Inc. announced Wednesday a recapitalization plan that calls for up to $415.5 million in stock repurchases under a modified Dutch tender auction, a tender offer for all its senior subordinated notes and the eventual closing of an asset-backed securitized facility worth $1.85 billion.

The company, which operates or franchises a system of 8,238 namesake pizza delivery units, said an asset-backed securitized facility is "an attractiv

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