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Yum Brands replaces credit facility


Published : Fri, 30 Nov 2007 22:39
By : Agencies
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NEW YORK (AP) - Yum Brands Inc., which operates Taco Bell, Pizza Hut and KFC restaurants, said in a regulatory filing on Friday it replaced its credit facility with a new credit agreement worth $1.15 billion.

In a filing with the Securities and Exchange Commission, Yum said the five-year, senior unsecured revolving credit facility replaces a $1 billion facility that was due to expire Sept. 7, 2009.

Yum also executed a new $350 million five-year revolving international credit facility, replacing a previous $350 million agreement that was set to expire on Nov. 8, 2010.

Shares of Yum Brands fell 5 cents to $37.15.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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