debt
confidence high
sentiment positive
materiality 0.50
Nathan's Famous calls $20M of 6.625% Senior Secured Notes due 2025 for redemption
NATHANS FAMOUS, INC.
- Calls $20M of its $80M outstanding 6.625% Senior Secured Notes due 2025 for redemption on Dec 19, 2023.
- Redemption price is 100% of principal plus accrued interest; reduces debt by 25%.
- Company will deposit sufficient funds with trustee prior to redemption date.