Dunkin’ Donuts reveals IPO plan

The private equity owner of Dunkin’ Donuts, the global coffee and food chain, is seeking to raise $400m (£242m) in an initial public offering (IPO) in the United States this year. Dunkin’ Brands, the parent company held by Bain Capital, the Carlyle Group and Thomas H Lee Partners, would use the proceeds of the float to pay down debt. The firm will also seek to extend its term loan, currently at $1.4bn, by a further $100m.

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