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Olshan Represents Nathan’s Famous, Inc. in $135 Million Offering of 10.000% Senior Secured Notes

March 12, 2015

Yahoo!Finance, Forbes and other media sources reported that Olshan client Nathan’s Famous, Inc. (NasdaqGS: NATH) completed an offering of $135.0 million aggregate principal amount of its 10.000% Senior Secured Notes due 2020. The Notes were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933 and outside the United States in accordance with Regulation S under the Securities Act. Nathan’s intends to use the net proceeds of the Notes offering to pay a special dividend of up to approximately $116.0 million to Nathan’s stockholders of record and the remaining net proceeds for general corporate purposes, including working capital. Steve Wolosky, Jeffrey S. Spindler, Kenneth A. Schlesinger and Jason D. Cabico from Olshan’s corporate finance and debt group represented Nathan’s in the offering. In addition, Mark Limardo provided tax advice and Hyman Kindler provided real estate advice.