MIAMI, May 26 /PRNewswire/ -- Burger King Holdings Inc. (NYSE: BKC)
today announced that it has retired $350 million in debt, following its
initial public offering and listing on the New York Stock Exchange on May
18.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031014/BKLOGO )
"I am pleased to report that we have retired $350 million in debt,"
said John W. Chidsey, CEO of Burger King Corporation. "Reducing the debt
level of our company by 25 percent allows us greater flexibility in
financial markets as well as increased cash flow for future investment
spending, which will, in turn, benefit our shareholders and investors in
the long term."
About Burger King Holdings Inc. and Burger King Corporation
The BURGER KING(R) system operates more than 11,100 restaurants in all
50 states and in more than 65 countries and U.S. territories worldwide.
Approximately 90 percent of BURGER KING Restaurants are owned and operated
by independent franchisees, many of them family-owned operations that have
been in business for decades. To learn more about Burger King Corporation,
please visit the company's Web site at < http://www.burgerking.com >.
Certain statements made in this news release are forward-looking in
nature and, accordingly, are subject to risks and uncertainties. These
forward- looking statements are only predictions based on our current
expectations and projections about future events. Important factors could
cause our actual results, performance or achievements to differ materially
from those expressed or implied by these forward-looking statements. These
factors include, but are not limited to, those discussed in our
Registration Statement on Form S-1 under the caption "Risk Factors."
SOURCE Burger King Holdings Inc.
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Related links:
http://www.burgerking.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20031014/BKLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/124650.html /
CONTACT:
Media, Edna Johnson, BKC Media Relations,
+1-305-378-7516, or ednajohnson@whopper.com, or Analysts, Amy
Wagner, BKC Investor Relations, +1-305-378-7696, or
awagner@whopper.com
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