Caribbean Restaurants Looking to Refinance

Caribbean Restaurants, the franchisee of Burger King in Puerto Rico, is considering options to refinance its existing indebtedness. The company is currently principally owned by the private equity firm Castle Harlan which bought the company in 2004.

PRESS RELEASE

Caribbean Restaurants, LLC, the exclusive franchisee of Burger King in Puerto Rico, is considering options to refinance its existing indebtedness. The company is currently principally owned by the private equity firm Castle Harlan which bought the company in 2004. The Company expects to begin discussions with third parties relating to potential refinancing transactions in the near term. The Company can provide no assurance than any refinancing transaction will occur.