An announcement from Krispy Kreme (DNUT) is now available.
Insomnia Cookies Holdings, LLC, under Krispy Kreme, has undergone a significant recapitalization, issuing preferred membership units worth over $140 million to Mistral and Verlinvest in a direct transaction. Additionally, Krispy Kreme’s subsidiary redeemed over $127 million in common units, leaving the Company with a 34% stake in Insomnia. This financial maneuvering also involved executive compensation adjustments with cash payments for cancelled restricted equity units and the establishment of a $45 million intercompany loan agreement with a 5.5-year maturity term.
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