Yum! Brands tenders senior notes

Louisville, Ky. Yum! Brands said Friday that it tendered $150 million of senior notes. The quick-service company offered its proposal in late April and it was set to expire late Thursday.

Continental Stock Transfer & Trust Co., the depositary for the tender offer, has informed Yum! Brands that holders tendered more than $137 million aggregate principal amount of the 7.70% senior notes due July 1, 2012. The settlement date for the tender offer is today.

Goldman, Sachs & Co. and J.P. Morgan Securities both served as the dealer managers for the tender offer.

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