Wednesday, August 05, 2015
Current Weather
Loading Current Weather....
Published: Thursday, 5/5/2011

Dunkin’ reveals plan for IPO, debt reduction


NEW YORK — Dunkin’ Brands Group Inc., the parent company of Dunkin’ Donuts and Baskin-Robbins, Wednesday filed regulatory papers saying it plans to raise as much as $400 million by selling shares to the public, using most of the money to pay off debt.

The company didn’t say when its initial public stock offering might be, or how many shares it would offer. It hopes to have a ticker symbol of DNKN on Nasdaq.

Dunkin’ Brands is owned by private-equity firms, which bought it in 2005 from wine and spirits distributor Pernod Ricard. The owners, Bain Capital Partners, Carlyle Group, and Thomas H. Lee Partners, do not plan to sell their shares, the company said.

The company said it would use its proceeds from the stock offering to pay down about $475 million in high-interest debt owed to banks.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.