News

Dunkin' Brands announces secondary offering, repurchase of shares

August 10, 2012

Dunkin' Brands Group Inc., parent company of Dunkin' Donuts and Baskin-Robbins, today announced that certain of its stockholders intend to offer for sale in an underwritten secondary offering approximately 21 million shares of its common stock pursuant to the company's shelf registration statement filed with the Securities and Exchange Commission.

The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by the company.

Citigroup will act as sole underwriter for the offering.

In addition, the company announced that it has entered in a share repurchase agreement with certain of the selling stockholders pursuant to which it intends to repurchase 15 million shares of its common stock from such selling stockholders concurrently with the closing of the offering.

The share repurchase will be effected in a private, non-underwritten transaction at a price per share equal to the price per share being paid by the underwriter to the selling stockholders. The company expects to fund the repurchase with borrowings under its recently upsized term loan facility and cash on hand. The closing of the share repurchase is contingent on the closing of the offering. The closing of the offering is not contingent on the closing of the share repurchase.

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