New York, June 1 - Wendys/Arbys Group Inc on Monday said its Wendy's International Holdings unit was seeking to amend its credit agreement to allow it to issue debt, as it aims to improve its financial flexibility.
The third-largest fast-food chain said it was seeking the amendment as part of an ongoing assessment of financing alternatives to allow it to improve its financial flexibility, assure funding for its key strategic growth initiatives and reduce the risk of refinancing future debt maturities in light of recent turmoil in the credit markets.