Sears plans $1 billion debt facility
Hoffman Estates, Ill. — Sears Holdings Corp. on Monday said it plans to obtain a senior secured term loan facility of up to $1 billion to help lower borrowings under its revolving credit facility.
The company said that the term loan would be issued under its existing credit agreement, which provides for a $3.28 billion revolving credit facility.
The term loan is expected to mature in June 2018.
Dunkin’ Brands adds two VPs to technology team
Canton, Mass. — Dunkin’ Brands Group announced that David Starmer has joined Dunkin’ Brands as VP – IT, store systems, and Paul Zaher has joined the company as VP – IT, marketing systems. Both will report directly to Jack Clare, senior VP and CIO for Dunkin’ Brands.
Zaher joins Dunkin’ Brands from Express, where he directed e-commerce and other marketing systems.
Starmer joins Dunkin’ Brands from Papa Murphy’s International, where he directed in-store technology solutions.
"We are excited to welcome Paul Zaher and David Starmer to Dunkin’ Brands,” Clare said. “With their extensive technology expertise in retail environments, they will play key roles as we continue to expand our capabilities in pursuit of best-in-class technology services for our franchisees and consumers. As we continue to expand the presence of Dunkin’ Donuts and Baskin-Robbins around the world, making strategic technology investments and enhancing our team with proven leaders like Paul and David is a key part of our plan to accelerate the growth of our business and support our franchisees."
Survey reveals business cost of bad restrooms
Menomonee Falls, Wis. — An increasing majority of Americans (63%) report they have had a particularly unpleasant experience in a public restroom due to the condition of the facilities, according to a new survey by Bradley Corp., manufacturer of commercial restroom furnishings. That’s up from 51% one year ago, according to the company’s fifth annual national Healthy Hand Washing Survey.
For businesses, an unpleasant restroom experience creates negative perceptions. A majority (64%) of survey respondents say they’ll either think twice about patronizing the business or will never frequent it again. And 93% believe the condition of a workplace restroom is an indicator of how a company values its workforce.
The top restroom complaints were: bad smell (82%); toilets clogged/not flushed (73%) and overall appearance that’s dirty, unkempt or old (73%).