November 26, 2012
Recently, NPC International, Inc. announced the refinancing the outstanding term loan of $ 368 million and revolving credit facility of $ 100 million. Among the results was the fact that it lengthens the maturity date of the revolving credit facility by one year.
The Chief Executive Officer and Chairman of NPC International, Inc., Jim Schwartz, declared that they are very pleased with the strong performance in the present fiscal year especially because it enabled the company to benefit from the favorable market conditions again after the sale of the company in December last year. He also said that the refinancing will decrease the interest costs and increase the free cash flow. This will help the company in its plans for further developing and also maintaining a strong profile.
Still, the statements of the company’s plans and expectations include a number of risks that may occur, such as competition, unfavorable changes in food, inflation or deflation, and other factors that may occur.
Nevertheless, the company and its representatives are very optimistic and realistic about further investments in the business.
At present, NPC International, Inc. operates over 1200 Pizza Hut restaurants and has delivery units in 28 states.