EX-99.1
4
npc-ex991toform8k.htm
EXHIBIT 99.1 - PRESS RELEASE
npc-ex991toform8k.htm
NPC INTERNATIONAL, INC. ANNOUNCES CLOSING OF ACQUISITION OF 54 WENDY'S RESTAURANTS FROM THE WENDY'S COMPANY
Overland Park, Kansas, (December 9, 2013)
- NPC International, Inc. announced today that it has completed the acquisition of 53 Wendy's restaurants for $30.4 million, which includes fees payable to the franchisor in connection with the acquisition plus amounts for working capital. NPC also agreed to acquire one additional restaurant currently under development by Wendy's, thereby increasing the number of restaurants to be acquired to 54. As part of the agreement relating to the acquisition, NPC plans to reimage certain acquired restaurants in Wendy's new Image Activation format.
This acquisition was funded entirely with available cash and minimal borrowings on our revolving credit facility.
The restaurants will be owned and operated by NPC's wholly-owned subsidiary, NPC Quality Burgers, Inc.
NPC International, Inc. is the world's largest Pizza Hut franchisee and currently operates 1,252 Pizza Hut restaurants and delivery units in 28 states and 90 Wendy's units in 3 states.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this news release that do not relate to historical or current facts constitute forward-looking statements. These include statements regarding our plans and expectations. Forward-looking statements are subject to inherent risks and uncertainties and there can be no assurance that such statements will prove to be correct. Actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including lower than anticipated consumer discretionary spending; deterioration in general economic conditions; competition in the quick service restaurant market; adverse changes in food, labor and other costs; price inflation or deflation; and other factors. These risks and other risks are described in the filings of NPC Restaurant Holdings, LLC with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained by contacting NPC or may be accessed at
www.sec.gov
. All forward-looking statements made in this news release are made as of the date hereof. NPC does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. Investors are cautioned not to place undue reliance on any forward-looking statements.
Troy D. Cook, Executive Vice President-Finance & Chief Financial Officer
913-327-3109
7300 W 129
th
St
Overland Park, KS 66213

EX - 99 . 1 4 npc - ex991toform8k . htm EXHIBIT 99 . 1 - PRESS RELEASE npc - ex991toform8k . htm NPC INTERNATIONAL , INC . ANNOUNCES CLOSING OF ACQUISITION OF 54 WENDY ' S RESTAURANTS FROM THE WENDY ' S COMPANY Overland Park , Kansas , ( December 9 , 2013 ) - NPC International , Inc . announced today that it has completed the acquisition of 53 Wendy ' s restaurants for $ 30.4 million , which includes fees payable to the franchisor in connection with the acquisition plus amounts for working capital . NPC also agreed to acquire one additional restaurant currently under development by Wendy ' s , thereby increasing the number of restaurants to be acquired to 54 . As part of the agreement relating to the acquisition , NPC plans to re image certain acquired restaurants in Wendy ' s new Image Activation format . This acquisition was funded entirely with available cash and minimal borrowings on our revolving credit facility . The restaurants will be owned and operated by NPC 's wholly - owned subsidiary , NPC Quality Burgers , Inc . NPC International , Inc . is the world 's largest Pizza Hut franchisee and currently operates 1,252 Pizza Hut restaurants and delivery units in 28 states and 90 Wendy ' s units in 3 states . Cautionary Statement Regarding Forward - Looking Statements Certain statements contained in this news release that do not relate to historical or current facts constitute forward - looking statements . These include statements regarding our plans and expectations . Forward - looking statements are subject to inherent risks and uncertainties and there can be no assurance that such statements will prove to be correct . Actual results may vary materially from those anticipated in such forward - looking statements as a result of a number of factors , including lower than anticipated consumer discretionary spending ; deterioration in general economic conditions ; competition in the quick service restaurant market ; adverse changes in food , labor and other costs ; price inflation or deflation ; and other factors . These risks and other risks are described in the filings of NPC Restaurant Holdings , LLC with the Securities and Exchange Commission , including its Annual Reports on Form 10 - K , Quarterly Reports on Form 10 - Q and Current Reports on Form 8 - K . Copies of these filings may be obtained by contacting NPC or may be accessed at www.sec.gov . All forward - looking statements made in this news release are made as of the date hereof . NPC does not intend to update these forward - looking statements and undertakes no duty to any person to provide any such update under any circumstances . Investors are cautioned not to place undue reliance on any forward - looking statements . Troy D . Cook , Executive Vice President - Finance & Chief Financial Officer 913 - 327 - 3109 7300 W 129 th St Overland Park , KS 66213
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