Dunkin' Brands sweet on IPO
CANTON, Mass., May 4 (UPI) -- The parent consort of Dunkin' Donuts and Baskin-Robbins, U.S. bastions of honeyed goodness, said it has proposed a $400 meg initial open offering.
The entrance evidence filed with the U.S. Security and Exchange Commission said no shares would be offered to existing shareholders, Dunkin' Brands Group said weekday in a release.
The substance is being made through an underwriting group led by J.P. moneyman Securities, Barclays Capital Inc. and moneyman Stanley, the consort said.
Dunkin' Brands, supported in Canton, Mass., said it would use the net proceeds from the substance to money a portion of the redemption toll for the unpaid Dunkin' Brands Inc. 9 5/8 proportionality senior notes cod 2018.
Dunkin' Donuts has more than 9,700 restaurants in 31 countries worldwide, including more than 6,700 locations throughout the United States. Baskin-Robbins has more than 5,800 locations, 2,800 of which are in the United States.
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