CKE Press Release
July 18, 2012
CKE Restaurants, Inc. Announces Partial Tender Offer For 11.375% Senior Secured Second Lien Notes Due 2018
CARPINTERIA, Calif.--(BUSINESS WIRE)--CKE Restaurants, Inc. (“CKE”) today announced that it has commenced a tender offer (the “Tender Offer”) for up to $29,875,000 aggregate principal amount of its 11.375% Senior Secured Second Lien Notes due 2018 (the “Notes”) at an offer price of 103% of the principal amount thereof. CKE is required to make the Tender Offer for such aggregate principal amount of Notes under the terms of the Indenture governing the Notes (the “Indenture”) as a result of CKE’s completion of a series of sale leaseback transactions involving certain restaurant properties. The Tender Offer is scheduled to expire on August 16, 2012. Holders of Notes validly tendered and accepted will be paid the tender offer price plus accrued and unpaid interest to, but not including, August 17, 2012, the tender offer settlement date. Other terms of the Tender Offer are set forth in CKE’s Notice of Designated Sale/Leaseback Offer to Purchase and related Letter of Transmittal, each dated July 18, 2012.
CKE Restaurants, Inc.
As of the end of its first quarter of fiscal 2013, CKE, through its subsidiaries, had a total of 3,263 franchised, licensed or company-operated restaurants in 42 states and in 25 foreign countries. For more information about CKE, please visit http://www.ckr.com.
This press release includes statements relating to the Company’s future plans and developments, financial goals and operating performance that are based on management’s current beliefs and assumptions. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond the Company’s control, and which may cause results to differ materially from expectations.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events or otherwise, except as required by law.
CKE Restaurants, Inc.
Beth Mansfield, Public Relations