EX-99
5
npc-ex991_feb162009.htm
PRESS RELEASE DATED FEBRUARY 17, 2009
NEWS RELEASE
Contact: Troy D. Cook
Executive Vice President &
Chief Financial Officer
913-327-3109
NPC INTERNATIONAL, INC. ANNOUNCES CLOSING OF ACQUISITION OF 50 UNITS FROM PIZZA HUT, INC.
OVERLAND
PARK,
KANSAS,
(FEBRUARY
17
,
2009
)
- NPC International, Inc. announced today that it has closed the transaction contemplated by the previously announced Asset Sale Agreement (ASA) signed with Pizza Hut, Inc. and Pizza Hut of America, Inc. (collectively, PHI) pursuant to which NPC purchased from PHI 49 Pizza Hut units, and will operate 1 Pizza Hut unit under a management agreement between NPC and PHI. All units are located in and around St. Louis, Missouri. The purchase price was for $14.2 million in cash.
The units sold by PHI include 19 fee-owned locations, which will be leased from PHI. The acquisition was funded from borrowings on the Company's $75.0 million revolving credit facility.
NPC International, Inc. is the world's largest Pizza Hut franchisee and operates 1,162 Pizza Hut restaurants and delivery/carryout units, 19% of the entire domestic Pizza Hut system, in 28 states.
*******************************************************
7300 W 129
th
St,
Overland Park, KS 66213

EX - 99 5 npc - ex991 _ feb162009 . htm PRESS RELEASE DATED FEBRUARY 17 , 2009 NEWS RELEASE Contact : Troy D. Cook Executive Vice President & Chief Financial Officer 913 - 327 - 3109 NPC INTERNATIONAL , INC . ANNOUNCES CLOSING OF ACQUISITION OF 50 UNITS FROM PIZZA HUT , INC . OVERLAND PARK , KANSAS , ( FEBRUARY 17 , 2009 ) - NPC International , Inc . announced today that it has closed the transaction contemplated by the previously announced Asset Sale Agreement ( ASA ) signed with Pizza Hut , Inc . and Pizza Hut of America , Inc . ( collectively , PHI ) pursuant to which NPC purchased from PHI 49 Pizza Hut units , and will operate 1 Pizza Hut unit under a management agreement between NPC and PHI . All units are located in and around St . Louis , Missouri . The purchase price was for $ 14.2 million in cash . The units sold by PHI include 19 fee - owned locations , which will be leased from PHI . The acquisition was funded from borrowings on the Company 's $ 75.0 million revolving credit facility . NPC International , Inc . is the world 's largest Pizza Hut franchisee and operates 1,162 Pizza Hut restaurants and delivery / carryout units , 19 % of the entire domestic Pizza Hut system , in 28 states . ******************************************************* 7300 W 129 th St , Overland Park , KS 66213