Yum! brands commences an offering of $600 million aggregate principal amount of senior notes due 2030

Yum! brands reported that it has commenced an offering of $600 million aggregate principal amount of senior notes due 2030 (the notes). the notes will be the company's general unsecured senior obligations and will not be guaranteed by any of the company's subsidiaries. net proceeds from the notes offering will be used to pay the fees and expenses of the offering and for the repayment of $250.0 million aggregate principal amount of the company's 5.30% senior notes due 2019 and the outstanding borrowings under the company's revolving credit facility. the remainder of the net proceeds will be used for general corporate purposes. consummation of the offering of the notes is subject to market and other conditions, and there can be no assurance that this offering will be completed on the terms described above, or at all.
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