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Yum! Brands to redeem outstanding $1.05 billion senior notes due 2024
By Taylor Fox
New York, Sept. 9 – Yum! Brands, Inc. plans to redeem all of the outstanding $1.05 billion of senior notes due 2024 issued by its wholly-owned subsidiaries KFC Holding Co., Pizza Hut Holdings, LLC and Taco Bell of America, LLC using proceeds from an offering of $1.05 billion in new senior notes, according to a news release.
The notes will be redeemed at a price of 102.5 plus interest.
Yum! Brands is a Louisville, Ky.-based quick-service restaurant operator.
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