Market Overview

AFC Enterprises Completes Refinancing of Facility


AFC Enterprises, Inc. (NASDAQ: AFCE) today announced the completion of a new five-year $100 million credit facility on December 23, 2010. The new facility is comprised of a $40 million term loan and a $60 million revolver.

Proceeds from the refinancing together with available cash were used to retire approximately $63 million of the outstanding principal debt balance of its previous credit facility.

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