Domino's Pizza repays $35 million of term loan

By Angela McDaniels

Seattle, March 3 - Domino's Pizza Inc. repaid $35 million of outstanding term loan debt in early 2006, according to a 10-K report filed with the Securities and Exchange Commission.

As of Jan. 1, $458.0 million of the term loan was outstanding.

The term loan is part of Domino's senior secured credit facility, which also includes a revolving credit facility. Total borrowings available under the facility are $735 million, of which $610.0 million is available under the term loan.

The term loan was initially fully borrowed, according to the filing. Borrowings under the term loan bear interest at Libor plus 150 basis points.

Domino's is an Ann Arbor, Mich.-based pizza chain.

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