Krispy Kreme sells remaining Insomnia Cookies stake for $75M cash; debt paydown planned

Krispy Kreme, Inc.

Sold remaining common units in Insomnia Cookies to existing shareholders and the company on June 10, 2025.
Aggregate cash proceeds of $75 million; net proceeds expected to be used for debt paydown after fees and expenses.
Follows July 2024 sale of majority stake; Krispy Kreme now holds no equity in Insomnia Cookies.
CEO cites focus on profitable U.S. expansion and capital-light international franchise growth.

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