Burger King pays down $15.7 million of term loan A borrowings

By Sara Rosenberg

New York, Feb. 5 - Burger King Holdings Inc. repaid $15.7 million of its term loan A debt during its second quarter of fiscal 2010 ended Dec. 31, according to a 10-Q filed with the Securities and Exchange Commission on Friday.

And, in the first quarter, the company repaid $15.6 million of term loan A borrowings.

Also, during the six months ended Dec. 31, the company borrowed and repaid $29.5 million under its revolving credit facility.

At Dec. 31, the company's leverage ratio was 1.7 times, down from 1.8 times at Sept. 30.

Burger King is a Miami-based fast food hamburger chain.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.