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News Breaks | | | | October 16, 2012 | | 07:03 EDT |  | BAGL | Einstein Noah says board considering possible recapitalization
Einstein Noah Restaurant Group announced that, in addition to continuing to explore a possible business combination or sale of the Company, its Board of Directors is considering a possible recapitalization of the Company, which may include payment of a special dividend, as part of its continuing review of strategic alternatives to maximize value to all shareholders. The possible recapitalization of the Company may include a new Senior Credit Facility consisting of a Term Loan and a Revolver. Credit Suisse LLC has been engaged as the administrative agent for the Term Loan, joint-lead arranger, and joint-bookrunner. KeyBanc Capital Markets Inc. has been engaged as the administrative agent for the Revolver, will serve as the syndication agent, and will act as joint-lead arranger and joint-bookrunner. As previously announced, Piper Jaffray continues to serve as the Company’s financial advisor and Bryan Cave HRO continues to serve as the Company’s legal advisor in connection with the strategic alternatives review. | |
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