- AFC Enterprises (AFCE -0.5%) secures a new $125M revolver maturing in 2018 at an IR Of LIBOR +1.25% to +2.5%.
- $63M of the facility was used to retire the Popeyes franchisor's previous debt. The refinancing represents a 2.4% IR reduction.
- In Q4 AFC expects to incur $400K in non-cash charges and defer $700K in fees associated with the transaction.
AFC Enterprises secures new $125M credit facility, pays down higher-IR debt
Dec 19 2013, 17:26 ET