Business Wire -- Yum! Brands, Inc. (NYSE: YUM) today announced that it has amended the terms of its cash tender offer to purchase $150 million of its 7.700% Senior Notes due July 1, 2012 (CUSIP No. 988498AA9/ISIN No. US988498AA94) (the “Notes”). Yum! Brands is offering to pay the total consideration (which includes the early tender payment of $40 per $1,000 principal amount of the Notes) to all holders who validly tender and do not validly withdraw their Notes at or prior to the expiration of the tender offer. The tender offer is being made pursuant to an Offer to Purchase, dated as of April 30, 2009, and the related Letter of Transmittal. Except for the amendment regarding the payment of the total consideration for all validly tendered and not validly withdrawn Notes, all other terms and conditions of the tender offer remain unchanged.
