Nathan’s Famous to redeem $30 million 6 5/8% secured notes due 2025

By Wendy Van Sickle

Columbus, Ohio, Feb. 14 – Nathan’s Famous Inc. has called for redemption $30 million of its $110 million outstanding 6 5/8% senior secured notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on March 21 at a redemption price of par in accordance with their Nov. 1, 2017 indenture.

U.S. Bank NA is trustee of the issue. Prior to the redemption date, the company will deposit with U.S. Bank an amount of funds sufficient to redeem the redeemed notes, including accrued interest up to, but excluding, the redemption date.

The fast-food chain is based in Jericho, N.Y.

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