CKE Press Release
June 14, 2012
CKE Restaurants, Inc. Announces Partial Redemption of 11.375% Senior Secured Second Lien Notes Due 2018
CARPINTERIA, Calif.--(BUSINESS WIRE)--CKE Restaurants, Inc. (the “Issuer”) today announced that it has instructed Wells Fargo Bank, National Association, as Trustee and Paying Agent, (the “Trustee”) under the indenture governing the Issuer’s 11.375% Senior Secured Second Lien Notes due 2018 (the “Notes”), to notify the holders of the Notes that the Issuer will redeem $60 million aggregate principal amount of the Notes outstanding on July 16, 2012 (the “Redemption Date”). The Notes will be redeemed at a price equal to 103.000% of the principal amount of the Notes. Upon completion of the redemption on the Redemption Date, $472.1 million aggregate principal amount of the Notes will remain outstanding.
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. These statements constitute “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. 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.
As of the end of its fourth quarter of fiscal 2012, CKE, through its subsidiaries, had a total of 3,243 franchised or company-operated restaurants in 42 states and in 25 countries, including 1,313 Carl's Jr.® restaurants and 1,921 Hardee's® restaurants. For more information about CKE, please visit www.ckr.com.