Dunkin' Brands Group Inc., parent company of Dunkin' Donuts and Baskin-Robbins, announced it has completed the refinancing of its senior secured credit facility, including its senior secured revolving credit facility.

The total debt of the company remains unchanged. The new interest rate on the senior secured credit facility is LIBOR plus 2.75 percent with a LIBOR floor of 1 percent. The previous interest rate was LIBOR plus 3 percent with a LIBOR floor of 1 percent. The new interest rate for the senior secured revolving credit facility is LIBOR plus 2.50 percent (previously LIBOR plus 3 percent).

In addition, the company has extended the maturity of its senior secured credit facility from November 2017 to February 2020. The Company also extended the term of its $100 million revolving credit facility through February 2018.

All other material provisions, including covenants under the existing Credit Agreement, comprised of the senior secured term loan facility and the senior secured revolving credit facility, remain unchanged.

As a result, the company expects interest expense of $80.6 million in 2013.

"The strong credit market and high demand for Dunkin' Brands' term loan have enabled us to lower our weighted average cost of debt. As a result, we plan to reinvest $1.5 million in 2013 interest expense savings into the business, with the remaining $3.4 million in interest expense savings going to our bottom line," said Paul Carbone, Dunkin' Brands chief financial officer. "As a result, we now expect earnings per share of $1.50 to $1.53 in 2013."

Read more about operations management.

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