Wendy's/Arby's to redeem $200 million of Wendy's 6¼% senior notes

By Susanna Moon

Chicago, May 3 - Wendy's/Arby's Restaurants, LLC plans to redeem $200 million of Wendy's International Inc.'s 6¼% senior notes due 2011 with proceeds from a new $650 million senior secured credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds of the loan also will be used to refinance its existing senior secured credit facility and for general corporate purposes.

"The closing of the new credit facility is subject to successful marketing and other conditions. Therefore, there can be no assurance that the company will be able to complete the refinancing," the release noted.

Wendy's/Arby's is an Atlanta-based quick-service restaurant company.

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