PF Chang’s Debt Extension Deal May Lift Junk Rating (Correct)

Restaurant chain PF Chang’s China Bistro Inc.wants to ease short-term debt pressures by extending the maturity of a loan due in 2026, a move that could help improve its credit rating.

Its proposed $480 million amend-and-extend transaction would push the maturity of its existing term loan by more than three years, to September 2029 from March 2026.

The Asian fusion bistro chain, which operates under the umbrella of Wok Holdings Inc., held a lender call on Monday, according to a person with knowledge of the matter. Initial pricing discussions on the loan is for 6.25 percentage points above ...