No. of Recommendations: 1
This is a interesting development. Wendy's bonds have been on my junk watch list and have traded recently anywhere between $130 - $100 under par or in the upper $80.00 range to low $90.00 range.

Arby's has been a major drag. Wendy's is now selling off Arby's for $130M in cash, but more importantly, the private group making the purchase will be assuming nearly $200M of their debt.

Any takers now?
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