Bain, Caryle, THL Expected To Scoop Up Big Dividend From Dunkin’ Brands

Though I’m in Quebec for the Quebec City Conference, I couldn’t resist the news that Dunkin’ Brands is raising about $2 billion, at least part of which is earmarked to fund a dividend to its PE shareholders.

Dunkin’ Brands, which is owned by Bain Capital, the Caryle Group and THL Partners, said Monday that it’s in the market for a $1.35 billion loan. The company is also raising $625 million in senior notes, according to the statement.

Proceeds from the notes, the $1.35 billion loan and available cash, are to repay Dunkin’ Brands securitized debt and to fund a dividend. I’m just not sure if all or part of the $2 billion is going to fund a dividend.

Barclays Capital is leading the sale of the $1.35 billion loan, said Thomson Reuters Loan Pricing Corp. Canton, Mass.-based Dunkin’ Brands owns Dunkin’ Donuts and Baskin-Robbins. Bain, Carlyle and THL acquired Dunkin’ in 2006 for $2.4 billion.

When asked how much of the $2 billion was going to a dividend, a Carlyle spokesman declined comment. Officials for THL Partners and Bain also declined comment. Dunkin’ brands also declined comment