$DNKN,...Dunkin' Brands refinances, launches new buyback, guides down
The new $2.6B securitized debt facility replaces the previous one of $1.9B, and fixes the weighted average interest rate at 3.765% for the next few years.
Net proceeds to the company will be about $615M, much of which will be returned to shareholders as the company launches a new $700M buyback program.
Adjusted EPS guidance is lowered to $1.83-$1.87 from $1.88-$1.91 previously.
Source: Press Release
DNKN unchanged after hours
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