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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 7/30/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CKE to redeem $82.1 million 11 3/8% notes via stock offering proceeds

By Ashley Montgomery

Kansas City, Kan., July 30 - CKE Inc. plans to use the proceeds from its offering of common stock to redeem $82.1 million of its 11 3/8% senior secured second-lien notes due 2018, according to a news release.

Proceeds from the stock offering will also be used for general corporate purposes.

Carpinteria, Calif.-based CKE and its subsidiaries own Carl's Jr. and Hardee's quick-service restaurant chains.


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