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Mrs. Fields pursues refinancing transactions with noteholder support
By Angela McDaniels
Tacoma, Wash., Nov. 18 - Mrs. Fields Famous Brands has launched a series of refinancing transactions designed to reposition its capital structure and improve access to additional funding, according to a company news release.
The refinancing was launched on Oct. 21. If it is successful, the company expects to finalize the refinancing on Dec. 5.
The company said the refinancing is supported by the largest holders of its senior secured notes, Z Capital Partners, LLC and Carlyle Group, which will become the company's largest shareholders following the refinancing.
Additional terms of the anticipated transaction will be released at closing, according to the release.
Mrs. Fields Famous Brands is a franchisor in the premium snack food industry. The company is based in Salt Lake City.
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