NEW YORK (AP) — The parent company of Dunkin’ Donuts and Baskin-Robbins says it plans to go public through an initial public offering worth an estimated $400 million, confirming weeks of Wall Street speculation.
Dunkin’ Brands Group Inc. didn’t say how many shares it will offer or when the offering will take place. But the company, based in Canton, Mass., did say in a regulatory filing that it believes it sees “significant opportunity” to expand in foreign markets and outside the Northeast U.S., where it is concentrated.
Dunkin’ plans to use the proceeds from the offering plus a term loan to pay off about $475 million in debt and will use the rest for working capital and general corporate purposes.
The company also hopes to boost afternoon traffic with new snacks, and increase training for its franchisees. Almost all of its stores are owned by franchisees.
The company was taken private in 2005, a big year for buyouts, by the private-equity firms Bain Capital Partners, Carlyle Group and Thomas H. Lee Partners.
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