Send us Feedback

Wendy's International (WEN)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

WEN » Topics » Undesignated Interest Rate Cap

These excerpts taken from the WEN 10-K filed Mar 14, 2008.
Undesignated Interest Rate Cap
 
    As of December 31, 2007 the Company held one interest rate cap with a notional amount of $40.0 million that was not designated as a hedge. As of December 31, 2007 the cap had a net negative fair value of $0.2 million recorded in derivative liabilities in the consolidated balance sheet. The Company will receive payments based on the spread in rates, if the three-month LIBOR rate increases above a certain agreed upon contractual rate and the Company will make payments based on a nominal fixed interest rate. For the year ended December 31, 2007 the Company recognized a loss of $0.2 million in net gain (loss) on derivatives related to the cap.
 
Undesignated
Interest Rate Cap

 

    As of
December 31, 2007 the Company held one interest rate cap with a notional amount
of $40.0 million that was not designated as a hedge. As of December 31, 2007 the
cap had a net negative fair value of $0.2 million recorded in derivative
liabilities in the consolidated balance sheet. The Company will receive payments
based on the spread in rates, if the three-month LIBOR rate increases above a
certain agreed upon contractual rate and the Company will make payments based on
a nominal fixed interest rate. For the year ended December 31, 2007 the Company
recognized a loss of $0.2 million in net gain (loss) on derivatives related to
the cap.

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 14, 2008

RELATED TOPICS for WEN:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki