|Day's Range||17.03 - 17.03|
CHARLOTTE, N.C., March 23, 2023--Krispy Kreme, Inc. (NASDAQ: DNUT) ("Krispy Kreme" or the "Company") today announced that it has successfully completed the refinancing of existing Term Loan A and Revolver Facilities. The new $700 million Term Loan A and $300 million revolver extends maturities until March 2028 at the same terms to existing facilities and welcomes several new creditors into our facilities. There is no change in the Company’s net debt as a result of this refinancing.
Krispy Kreme (DNUT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Yahoo Finance co-hosts Seana Smith, Alexandra Canal, and Dave Briggs discuss Krispy Kreme's stock jump after their latest partnership with McDonald's.