Dunkin Brands, Inc.
DUNKIN' BRANDS GROUP, INC. (Form: 8-K, Received: 09/05/2017 07:09:43)

Washington, D.C. 20549


Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 5, 2017

(Exact name of registrant as specified in its charter)

(State or Other Jurisdiction of Incorporation)
File Number)
(IRS Employer
Identification Number)
130 Royall Street
Canton, Massachusetts 02021
(Address of registrant’s principal executive office)
(781) 737-3000
(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging Growth Company    ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Selection 13(a) of the Exchange Act.   ¨


Item 8.01. Other Events.

On September 5, 2017, the Company issued a press release announcing the intention of certain of its subsidiaries to complete a recapitalization transaction, which would include the refinancing of a portion of their outstanding securitization debt with a new series of securitized notes under its existing securitized financing facility. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits .

Refinancing Press Release of Dunkin’ Brands Group, Inc., dated September 5, 2017.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
/s/ Katherine Jaspon
Katherine Jaspon
Chief Financial Officer
Date: September 5, 2017


Exhibit 99.1


Dunkin’ Brands Announces Refinancing Transaction

CANTON, Mass. (September 5, 2017) – Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) (the “Company”), the parent company of Dunkin’ Donuts (DD) and Baskin-Robbins (BR), today announced that certain of its subsidiaries intend to complete a recapitalization transaction, which will include the refinancing of a portion of their outstanding securitization debt with a new series of securitized debt.

The Company's last recapitalization occurred in January 2015, with the issuance of a $2.6 billion securitized financing facility consisting of two tranches of fixed rate notes in the principal amounts of $750 million (the “2015 A-2-I Notes”) and $1.750 billion (the “2015 A-2-II Notes”), respectively, and $100 million of variable funding notes (the "2015 VFN Notes").

Certain of the Company's subsidiaries intend to issue approximately $1.45 billion of new securitized notes (the "2017 Notes") and to use the proceeds to prepay and retire the outstanding 2015 A-2-I Notes, to pay transaction fees and for general corporate purposes, which may include a return of capital to shareholders. At the end of the second fiscal quarter of 2017, there was approximately $733 million in outstanding principal amount under the 2015 A-2-I Notes.

The Company expects its subsidiaries to issue a portion of the 2017 Notes in the form of a new $150 million variable funding note facility, which will replace the 2015 VFN Notes facility.

The consummation of the offering is subject to market and other conditions and is anticipated to close in the fourth quarter of 2017. However, there can be no assurance that we will be able to successfully complete the refinancing transaction on the terms described or at all.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2017 Notes or any other security. The notes to be offered have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.
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About Dunkin' Brands Group, Inc.
With more than 20,000 points of distribution in more than 60 countries worldwide, Dunkin' Brands Group, Inc. (Nasdaq: DNKN) is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the second quarter 2017, Dunkin' Brands' 100 percent franchised business model included more than 12,300 Dunkin' Donuts restaurants and more than 7,800 Baskin-Robbins restaurants. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass.


Stacey Caravella (Investors)                    Michelle King (Media)
Sr. Director, IR & Competitive Intelligence            Sr. Director, Global Public Relations
Dunkin’ Brands Group, Inc.                     Dunkin' Brands Group, Inc.
investor.relations@dunkinbrands.com                  michelle.king@dunkinbrands.com
781-737-3200                            781-737-5200