CKE Restaurants Announces Expiration of Tender Offer
CKE Restaurants, Inc. ("CKE") today announced that its previously
announced 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 expired August 16, 2012. No notes were tendered. CKE was
required to make the Tender Offer 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.
CKE Restaurants, Inc.
CKE Restaurants, Inc. is a privately held company headquartered in
Carpinteria, Calif. As of the end of Q1 fiscal 2013, the Company,
through its subsidiaries, had a total of 3,263 franchised or
company-operated restaurants in 42 states and in 25 countries, including
1,322 Carl's Jr.(R) restaurants and 1,932 Hardee's(R)
restaurants. For more information about CKE Restaurants, please visit www.ckr.com
or its brand sites at www.carlsjr.com
and www.hardees.com.
Forward-looking Statements
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.
SOURCE: CKE Restaurants, Inc.
CKE Restaurants, Inc.
Beth Mansfield
Public Relations
805-745-7741
bmansfield@ckr.com
Published: CARPINTERIA, Calif., Aug 20, 2012 (BUSINESS WIRE) --
Copyright: Copyright Business Wire 2012
