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Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium.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
- Glodean Champion Launches "The Process to LOVE™"
- Sundial Media & Technology Group and Creator Currency Networks Launch CreateHer Network to Address $31.8 Trillion Women Creator Economy Gap
- Illinois Peace Project Debuts the 2025 'Peace Portraits’ Honorees
- DCASE Brings Two Major Exhibitions to the City of Chicago This Summer: Fabiola Jean-Louis’ Waters of the Abyss and Blondell Cummings: Dance as Moving Pictures
- American Cancer Society VOICES of Black Women Ambassador Dr. Erica Austin Convenes local Black Women to promote Women’s Health
Latest Podcast
STARR Community Services International, Inc.
