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Yum! Brands adds price to cash tender offer
May 26, 2009
LOUISVILLE, Ky. — Yum! Brands Inc., parent company of Taco Bell, KFC and Pizza Hut, has announced that it has priced its cash tender offer to purchase up to $150 million of its 7.700 percent Senior Notes due July 1, 2012. The company will pay $1,068.10 for each $1,000 principal amount of the notes purchased in the tender offer (which includes the early tender payment of $40 per $1,000 principal amount of the notes), plus accrued and unpaid interest from the last interest payment date to, but not including, the settlement date.
The tender offer is scheduled to expire May 28 at 11:59 p.m. Eastern time, unless extended.
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