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AFC obtains more time to file statements
New York, June 2 - AFC Enterprises, Inc. said its bank lenders approved a second amendment to its credit facility giving it more time to complete its year-end audit and submit financial statements.
The extension runs through Aug. 22.
The Atlanta restaurant franchisor and operator also obtained approval to sell the U.S. and Canadian operations of Seattle Coffee Co. to Starbucks Corp. for $72 million cash.
AFC will use proceeds for debt repayment and stock repurchases.
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