Dunkin Donuts recruit co. files for IPa - Sacramento Business, Housing Market News I S... Page 1 of2 THE SACR.i\MELYfO BEE sncbee.com Dunkin Donuts parent co. files for IPO AP Business Writer Published Wednesday, May. 04, 2011 NEWYORK -- Its prison term to take the doughnuts public. Dunkin Donuts made Munchkins something to eat rather than characters on The sentience of Oz. It created Fred the Baker and coined the Time to Make the Donuts catchphrase. President Barack Obama worked at its infant connection, Baskin-Robbins, when he was a teenager. And the next move for the company? Its pass public, so it will be non just a place to get coffee but in addition a ticker on the Nasdaq - DNKN, if all goes as planned. Dunkin Brands Group Inc., the parent company of Dunkin Donuts and Baskin-Robbins, on Wednesday filed regulatory papers saying it plans to can as much as $400 million by selling shares to the public, using most of the money to payoff debt. The company didnt say when the offering might be, or how many shares it would offer. Dunkin Brands is currently owned by private-equity firms, who 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 expend its proceeds from the stock offering to pay down approximately $475 million in high-interest debt owed to banks. That money was borrowed partly to pay a $500 million dividend to some of the companys current shareholders. Dunkin is also hoping it will cede money left over to stemma expansion plans. The Canton, Mass. companys stores are concentrated in the northeasterly U.S., where it has about one location for every 9,700 people. Now it wants to fly high into the unconquered western U.S., where it averages one store per 1.2 million people. Its owners have been reshaping the store beyond doughnuts and coffee. The company hired an executive chef and a technology... If you want to get a full essay, order it on our website: Orderessay
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