News Search
|
All News Topics
>
EU Politics
;
Press Releases by Industry Channel
>
All EU Politics Press Releases
Burger King Holdings Announces Additional Debt Retirement
MIAMI--Burger King Holdings Inc. (NYSE:BKC) announced today that it will retire an additional $25 million in debt on July 31, 2007 using cash generated from operations.
"We took advantage of the strong cash flow generated during this past quarter ended June 30, 2007," said Ben Wells, executive vice president, chief financial officer. "After evaluating our options, and given the current debt market environment, we have determined that paying down debt now to reduce our interest expense will further strengthen the company's financial position and benefit shareholders."
About Burger King Holdings Inc.
The BURGER KING(R) system operates more than 11,200 restaurants in all 50 states and in more than 65 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING(R) restaurants are owned and operated by independent franchisees, many of which are family-owned operations that have been in business for decades. To learn more about Burger King Holdings Inc., please visit the company's Web site at www.bk.com.
Contacts
Burger King Holdings Inc.
BKC Media Relations
Keva Silversmith, 305-378-3797
ksilversmith@whopper.com
or
BKC Investor Relations
Amy Wagner, 305-378-7696
awagner@whopper.com
"We took advantage of the strong cash flow generated during this past quarter ended June 30, 2007," said Ben Wells, executive vice president, chief financial officer. "After evaluating our options, and given the current debt market environment, we have determined that paying down debt now to reduce our interest expense will further strengthen the company's financial position and benefit shareholders."
About Burger King Holdings Inc.
The BURGER KING(R) system operates more than 11,200 restaurants in all 50 states and in more than 65 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING(R) restaurants are owned and operated by independent franchisees, many of which are family-owned operations that have been in business for decades. To learn more about Burger King Holdings Inc., please visit the company's Web site at www.bk.com.
Contacts
Burger King Holdings Inc.
BKC Media Relations
Keva Silversmith, 305-378-3797
ksilversmith@whopper.com
or
BKC Investor Relations
Amy Wagner, 305-378-7696
awagner@whopper.com
Powered by
Distribution channels:
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
