panera bread company-class a (PNRA) Key Developments
Panera Bread Signs a Deal to Open a New Bakery and Cafe on Glenwood Avenue in Raleigh
Jun 30 14
Panera Bread has signed a deal to open a new bakery and cafe on Glenwood Avenue in Raleigh that will also be the region's first catering hub for the chain. The company's executives last fall revealed plans to begin opening catering hubs in high-traffic areas across its footprint in the U.S. that would dedicate a certain number of staff and kitchen space to handle the larger-volume catering orders for pick-up and delivery. The initiative is part of a four-step plan designed to improve service and to reduce wait times at its cafe locations. The Raleigh catering hub will reportedly be among the first corporate-owned hubs to open for service. A Panera Bread franchise operator in Columbus, Ohio, recently opened one in that state to service seven area Paneras. The company is targeting a November opening date for the Glenwood Avenue location in Raleigh. The new Panera cafe and catering hub will be located at 6201 Glenwood Ave., currently the site of the Fat Daddy's Market and Grill restaurant that closed in March after 29 years in business.
Panera Bread to Open Bakery-Cafe at Charlotte's SouthPark Mall in October 2014
Jun 27 14
Panera Bread announced that it plans to open a bakery-cafe in Charlotte's SouthPark Mall in October 2014. That nearly 1,200-square-foot will be located in the mall's food court. Panera's bakery-cafe will offer artisan breads baked fresh daily, bagels, pastries, paninis and sandwiches, soups and salads.
Panera Bread Company Enters into Term Loan Agreement
Jun 12 14
On June 11, 2014, Panera Bread Company entered into a term loan agreement, by and among the company, as borrower, Bank of America, N.A., as administrative agent, and each lender from time to time party thereto. The Term Loan Agreement provides for an unsecured term loan in the amount of $100 million and provides that the company may select the interest rates under the loan equal to LIBOR plus the Applicable Rate for LIBOR loans (which is an amount ranging from 1.00% to 1.50% depending on the company's consolidated leverage ratio) or the Base Rate (which is defined as the higher of the Bank of America prime rate, the Federal funds rate plus 0.50%, or LIBOR plus 1.00%) plus the Applicable Rate for Base Rate loans (which is an amount ranging from 0.00% to 0.50% depending on the company's consolidated leverage ratio).
Panera Bread Company - Shareholder/Analyst Call
May 14 14
Annual Meeting of Stockholders
Panera Bread Company, Annual General Meeting, Jun 05, 2014
May 14 14
Panera Bread Company, Annual General Meeting, Jun 05, 2014., at 10:30 Central Daylight. Location: Panera Bread Headquarters.