Dunkin' Brands Group, Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, today announced it has completed the refinancing of its senior secured credit facility, including its senior secured revolving credit facility.

The total debt of the Company remains unchanged. The Company refinanced its senior secured credit facilities with new credit facilities consisting of a $1.379 billion term loan due February 2021, a $450 million term loan due September 2017 and a $100 million revolving credit facility due February 2019. The new interest rate on the term loan due February 2021 is LIBOR plus 2.50% with a LIBOR floor of 0.75%, while the interest rate on the term loan due September 2017 is LIBOR plus 2.50% with no LIBOR floor. The prior rate on the Company's term loan facility had been LIBOR plus 2.75% with a LIBOR floor of 1.00%.

The new interest rate for the revolving credit facility is LIBOR plus 2.25% with no LIBOR floor (previously LIBOR plus 2.50%). All other material provisions, including covenants under the existing Credit Agreement, remain unchanged. As a result, the Company expects interest expense approximately $70 million in 2014.

"The strong credit market and high demand for Dunkin' Brands' term loan and revolving loan have enabled us to lower our weighted average cost of debt. As a result, we expect interest expense savings of $10 million in 2014," said Paul Carbone, Dunkin' Brands Chief Financial Officer. "Our previously provided guidance of $1.79-1.83 for adjusted earnings per share is inclusive of the savings from the refinancing."

With more than 18,000 point of distribution in nearly 60 countries worldwide, Dunkin' Brands Group, Inc. (Nasdaq: DNKN) is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of fiscal 2013, Dunkin' Brands nearly 100 percent franchised business model included nearly 11,000 Dunkin' Donuts restaurants and 7,300 Baskin-Robbins restaurants, which are primarily owned and operated by approximately 2,000 franchisees, licensees and joint venture partners. For the full-year 2013, the company had franchisee-reported sales of approximately $9.3 billion. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass.