CKE Restaurants mulls refinancing notes, terminating revolver

By Toni Weeks

San Diego, Jan. 24 - CKE Restaurants, Inc. said it is contemplating company-wide transactions to refinance all of its existing debt and that of its parent, CKE Inc., according to an 8-K filing with the Securities and Exchange Commission.

The company is considering refinancing its 11 3/8% senior secured second-lien notes due 2018 and terminating its current senior secured revolving credit facility. Additional debt to be refinanced is the parent company's 10½%/11¼% senior PIK/toggle notes due March 14, 2016.

There is no assurance that the company will choose to and/or complete such refinancing, the filing noted.

Based in Carpinteria, Calif., CKE operates quick-service and fast-casual restaurants.

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