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WEN » Topics » DFR MM CLO

These excerpts taken from the WEN 10-K filed Mar 14, 2008.
DFR MM CLO
 
    DFR MM CLO’s debt securities bear interest rates that reset quarterly based on varying spreads to three-month LIBOR. The Company’s long-term debt issued by DFR MM CLO has a weighted average interest rate of 5.97% (6.33% including the $19.0 million of DFR MM CLO debt owned by the Company and eliminated upon consolidation), using the last reset date as of December 31, 2007.
 
    The DFR MM CLO notes are due in 2019, but are callable, at par, by the Company on October 20, 2010 and quarterly thereafter, subject to certain conditions. DFR MM CLO is a consolidated bankruptcy remote subsidiary, which had assets with a carrying value of $317.4 million as of December 31, 2007.
 
DFR MM
CLO

 

    DFR MM CLO’s
debt securities bear interest rates that reset quarterly based on varying
spreads to three-month LIBOR. The Company’s long-term debt issued by DFR MM CLO
has a weighted average interest rate of 5.97% (6.33% including the $19.0 million
of DFR MM CLO debt owned by the Company and eliminated upon consolidation),
using the last reset date as of December 31, 2007.

 

    The DFR MM
CLO notes are due in 2019, but are callable, at par, by the Company on October
20, 2010 and quarterly thereafter, subject to certain conditions. DFR MM CLO is
a consolidated bankruptcy remote subsidiary, which had assets with a carrying
value of $317.4 million as of December 31, 2007.

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 14, 2008

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