Dunkin’ Brands Group, the parent company of Dunkin’ Donuts and Baskin-Robbins, announced it completed the refinancing of its senior secured credit facility, including its senior secured revolving credit facility. Barclays Bank served as administrative agent, swing line lender, L/C issuer and collateral agent in the refinancing.

The total company debt remains unchanged. The new interest rate on the senior secured credit facility is LIBOR plus 2.75% with a LIBOR floor of 1%. The previous interest rate was LIBOR plus 3% with a LIBOR floor of 10%. The new interest rate for the senior secured revolving credit facility is LIBOR plus 2.5% (previously LIBOR plus 3%).

In addition, the company extended the maturity of its senior secured credit facility from November 2017 to February 2020 and extended the term of its $100 million revolving credit facility through February 2018. The company expects interest expense of $80.6 million in 2013.

“The strong credit market and high demand for Dunkin’ Brands’ term loan have enabled us to lower our weighted average cost of debt. As a result, we plan to reinvest $1.5 million in 2013 interest expense savings into the business, with the remaining $3.4 million in interest expense savings going to our bottom line,” said Paul Carbone, Dunkin’ Brands CFO. “As a result, we now expect earnings per share of $1.50 to $1.53 in 2013.”

Dunkin’ Brands Group is a franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream.