Denny’s inks $250M credit facility

Denny’s inks $250M credit facility

Denny’s Corp. has entered into a new five-year, $250 million credit facility that refinances its senior secured debt and is expected to result in annualized interest expense savings of about $5 million, the company said Thursday.

The new senior secured bank credit facility includes a $190 million term loan and a $60 million revolving line of credit. The facility refinances Denny’s senior secured debt from September 2010, which was amended in March 2011. The former fa

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