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Olshan Represents Nathan’s in $150M Offering in Senior Secured Notes

November 2, 2017

Olshan client Nathan’s Famous, Inc. closed on a financing of $150m of 6.625% Senior Secured Notes due 2025.  The proceeds of the offering will be used to redeem $135m of 10.000% Senior Secured Notes due 2020 of Nathan’s Famous and to pay a $5.00 per share cash dividend to shareholders. The Notes were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act.  The Olshan team that represented Nathan’s was corporate partners Steve Wolosky ,Jeffrey Spindler and  Kenneth Schlesinger, corporate associates  Jason Cabico and Madison Wiles-Haffner, Tax Partner  Mark Limardo and Tax Associates  Jason Tomitz and Anna Plavin.

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