New credit Facility
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AJ Battaglia
Jul 27, 2011, 2:41:31 PM7/27/11
to Cluster Group 2
During the fourth quarter of 2010, Denny’s refinanced its then
existing credit facility called the “Old Credit Facility.”
Amended and restated secured credit agreement in an agreement of $300
million
$50 million five year senior secured revolve
$250 million six year senior secured term issued at a 98.5% original
issue discount
Proceeds used to repurchase or redeem outstanding $175 million
aggregate principle amount on 10% Senior Notes due 2012
Proceeds used to repay $65 million term loan under Old Credit Facility
existing credit facility called the “Old Credit Facility.”
Amended and restated secured credit agreement in an agreement of $300
million
$50 million five year senior secured revolve
$250 million six year senior secured term issued at a 98.5% original
issue discount
Proceeds used to repurchase or redeem outstanding $175 million
aggregate principle amount on 10% Senior Notes due 2012
Proceeds used to repay $65 million term loan under Old Credit Facility
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