Burger King announces $64.1 million of note buybacks in early 2012

By Ashley Montgomery

Kansas City, Kan., Aug. 1 - Burger King Worldwide, Inc. repurchased senior and discount notes during the first two quarters of 2012, the company said in a news release.

The company said it repurchased and retired $3 million of senior notes. It also repurchased discount notes with an accreted value of $61.1 million, which represents 13.6% of the original issuance.

The net debt-to-adjusted EBITDA ratio improved to 4.2 times at June 30 from 4.6 times at the end of 2011.

Burger King is a Miami-based fast food hamburger chain.

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