Burger King Announces Additional Debt Retirement.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Burger King Holdings Inc. (NYSE NYSE See: New York Stock Exchange :BKC BKC Burger King Corporation BKC Bible Knowledge Commentary BKC Burgess Kershaw Consultants BKC Bethany Korean Church BKC Backup Catalog BKC BatchKennisCentrum (Dutch: Batch Knowledge Centre) BKC Backup Copy ) today announced that it will retire an additional $25 million in debt on Tuesday Tuesday: see week. , 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." About Burger King Holdings Inc. The BURGER KING([R]) system operates more than 11,100 restaurants in all 50 states and in 65 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING([R]) 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 Holdings Inc., please visit the company's Web site at www.bk.com. Certain statements made in this news release are forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. in nature and, accordingly, are subject to risks and uncertainties. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 the company's 10-K filing under the caption "Risk Factors." |
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