Dunkin’ Brands Inc. plans to raise $625 million through an offering of senior notes in order to pay down debt, the company said Monday.
The proceeds from the notes offering, combined with funds secured through a new $1.35 billion senior credit facility, will allow Dunkin' to repay its debt in full as well as provide a cash dividend to stockholders, the company said.
Following repayment of the securitization debt, the notes would be assumed by Dunkin’ Brands.
The Canton, Mass.-based company franchises 9,186 Dunkin’ Donuts and 6,207 Baskin-Robbins stores worldwide.
Contact Elissa Elan at [email protected].