Yum Brands units Pizza Hut, KFC and Taco Bell refinanced a June 16, 2016 credit facility, repricing the $2 billion term loan, reducing the interest rate and extending the maturity date to April 3, 2025.
According to a related 8-K filing, JPMorgan served as administrative agent, collateral agent, swing line lender and l/c issuer for the transaction.
The company repriced its existing approximately $2 billion term loan B, reducing the interest rate by 0.25% to adjusted LIBOR + 1.75%. All other material provisions of the credit agreement remained unchanged.
