Industry News | January 26, 2007

Burger King Announces Additional Debt Retirement

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Burger King Holdings Inc. today announced that it will retire an additional $25 million in debt on Tuesday, Jan. 30, using cash generated from operations. During the first seven months of the company’s current fiscal year, it has retired $125 million in debt.

Chief Financial Officer Ben Wells said, “Our operational cash flow remains strong, which has allowed us to pay debt in order to reduce interest expense. We intend to continue reducing our debt, as long as it best serves the interest of our business and, in turn, our shareholders and investors.”