Wendy's International (WEN)

Revolving Credit Facilities

We have $93.5 million available for borrowing under our restaurant segment’s $100.0 million revolving credit facility as of December 31, 2006, which is net of the reduction of $6.5 million for outstanding letters of credit noted above. In February 2006, our asset management segment entered into a $10.0 million revolving note, of which $4.0 million was outstanding, which we expect to repay during 2007, and $6.0 million was available as of December 31, 2006. In addition, effective January 1, 2007 we have a $30.0 million conditional funding commitment from a real estate finance company for sale-leaseback financing for development and operation of Arby’s restaurants. This conditional funding commitment, which replaced a similar one which ended on December 31, 2006, ends on June 30, 2007 with the option to extend it for an additional six months.

Revolving Credit Facilities

       Our $100.0 million revolving credit facility is currently fully available for borrowing. In addition, through an agreement we entered into on February 28, 2006 with CNL Restaurant Capital, LP, which we refer to as CNL, we have $30.0 million available for sale-leaseback financing from CNL for development and operation of Arby's restaurants. This agreement ends on June 30, 2006; however, we have an option to extend the agreement for an additional six months.