Wendy's wraps amendment to get $225 million incremental term loan A

By Sara Rosenberg

New York, Sept. 24 - Wendy's International Inc. closed on Tuesday on its credit facility amendment that provides for an up to $225 million incremental term loan A, according to an 8-K filed with the Securities and Exchange Commission.

Proceeds from the incremental term loan and cash on hand will be used to redeem the company's $225 million of 6.2% senior notes due 2014.

The company can draw on the incremental term loan up until Oct. 29.

Bank of America is the administrative agent on the deal.

Wendy's is a Dublin, Ohio-based fast food chain.

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