Dunkin' Donuts parent co. files for IPO
by Christina Rexrode AP Business Writer
NEW YORK (AP) - The parent company of Dunkin' Donuts and Baskin-Robbins says it plans to go public through an initial public offering worth an estimated $400 million, confirming weeks of Wall Street speculation.
Dunkin' Brands Group Inc. didn't say how many shares it will offer or when the offering will take place. But the company, based in Canton, Mass., did say in a regulatory filing that it believes it sees "significant opportunity" to expand in foreign markets and outside the Northeast U.S., where it is concentrated.
Dunkin' plans to use the proceeds from the offering plus a term loan to pay off about $475 million in debt and will use the rest for working capital and general corporate purposes.
Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
Latest Stories
- Cook County Assessor’s Office Hosts Inaugural Neighborhood Housing Forum
- Celebrity Chef Carla Hall and The Fresh Market Team Up to Support Alzheimer’s Association During Month of June
- ONYX MEDICAL WELLNESS CELEBRATES GRAND OPENING & RIBBON CUTTING IN CHICAGO’S SOUTH SHORE DURING PRIDE MONTH
- 5th Annual Cook County Juneteenth Illinois Celebration to Be Held June 14th
- “NO MORE CUTS TO KIDS’ FUTURES”
Latest Podcast
STARR Community Services International, Inc.
