Denny's to use loan proceeds to refinance some senior notes

Pittsburgh, Aug. 13 - Denny's Corp. will use part of the proceeds from $275 million of senior secured credit facilities entered into by operating subsidiaries Denny's Inc. and Denny's Realty Inc. to refinance a portion of its existing senior notes, according to a company news release.

Denny's is also considering up to $320 million of additional financing transactions to refinance some or all of its remaining senior notes, the release said.

Denny's is a Spartanburg, S.C.-based full-service family restaurant chain.

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