Dunkin' to repay $475 million 9 5/8% notes with stock, loan proceeds

By Toni Weeks

San Diego, May 4 - Dunkin' Brands Group, Inc. intends to use the net proceeds from its planned initial public offering of common stock together with $100 million of term loan borrowings to repay in full Dunkin' Brands, Inc.'s 9 5/8% senior notes due Dec. 1, 2018 and for general corporate purposes, according to an S-1 filing with the Securities and Exchange Commission.

As of April 30, there was about $475 million of 9 5/8% notes outstanding.

Canton, Mass.-based Dunkin' Brands is the parent company of Dunkin' Donuts, a coffee and baked goods restaurant chain, and Baskin-Robbins, an ice cream specialty store chain.

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