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Dunkin' Brands' $1.35 billion loan expected to launch in November
By Sara Rosenberg
New York, Oct. 25 - Dunkin' Brands Inc. plans to hold a bank meeting sometime in November to launch its proposed $1.35 billion senior credit facility, according to a market source.
Barclays, JPMorgan, Bank of America and Goldman Sachs are the joint lead arrangers and joint bookrunners on the deal, with Barclays the left lead.
Proceeds from the credit facility, along with $625 million of senior notes, will be used to repay in full the company's outstanding securitization debt and to pay a cash dividend to stockholders.
Canton, Mass.-based Dunkin' Brands is the parent company of Dunkin' Donuts, a coffee and baked goods restaurant chain, and Baskin-Robbins, an ice cream specialty store chain.
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