CKE Restaurants gets no tenders in offer for 11 3/8% notes due 2018

By Marisa Wong

Madison, Wis., Aug. 20 - CKE Restaurants, Inc. said no notes were tendered in the tender offer for up to $29,875,000 of its 11 3/8% senior secured second-lien notes due 2018. The offer began on July 18 and expired on Aug. 16.

The company had offered to pay holders 103% of par plus accrued interest.

As previously noted, CKE was required under the notes' indenture to make the tender offer because it completed a series of sale leaseback transactions involving certain restaurant properties.

Based in Carpinteria, Calif., CKE operates quick-service and fast-casual restaurants.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.