Wendy's To Issue $550 Million Debt

Atlanta – Wendy’s/Arby’s Group, Inc, the parent company of Wendy’s international Holdings, LLC announced Wednesday that Wendy’s will issue $550 million in senior unsecured debt.

Wendy’s/Arby’s Restaurants, LLC intends to use the proceeds to prepay approximately $125 million in outstanding loans and accrued interest and to make a distribution of the remaining proceeds to Wendy’s/Arby’s Group. The company is planning to use the remaining $325 million for new unit development, acquisitions of other restaurant companies and a possible stock repurchase.