Wendy's/Arby's Group Inc. http://www.alacrastore.com/company-snapshot/Wendy_s_Arby_s_Group_Inc-1004600 Friday, January 09, 2009 1:39:27 AM 1004600 Wendy's/Arby's Group Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/302286bir/302286normWendy's/Arby's Group Inc.Triarc Restaurant GroupCable Car Beverage CorpTriarc Companies Inc.Wendy's International Inc.DWG Corp.DWG Cigar Corp.Deisel Wemmer Gilbert Corp.Sybra Inc.RTM Restaurant GroupUnited StatesRetail: Restaurant. Finance: Franchisee.5812671972211055111217IKWEN12/2/2008 7:04:00 AM302286Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/676022spcred/676022normThe latest Full Report from S&Pglobal10/9/2008 6:43:00 PM400Full Report676022United StatesUnited StatesGlobal IssuersCorporationsMedia & EntertainmentRetailFull ReportCombined company should have better general and administrative cost leveraging; and Likely to generate solid free operating cash flows. Prior to the merger Wendy's International Inc. has the worst operating margins of any major quick-service restaurant operator; Intense competition within quick-service restaurant industry; Recent comparable-store sales at both Wendy's and Arby's are weaker than industry average; and Limited financial flexibility because of narrow covenant cushion at Arby's Restaurant Group Inc. The ratings on Wendy's/Arby's International Inc. (Wendy's/Arby's) reflect the considerable challenges that face the quick-service restaurant industry, the historical weak operating trends at Wendy's, and that declines in performance at Arby's limit the company's financial flexibility because of very limited cushion over financial covenants. Both Wendy's International Inc. (Wendy's) andUSAWendy's/Arby's Restaurant Group Inc.457099USAFULLUSA95059095059P95059L03879E95059M25301040 253010 2530 25Wendy's International Inc.Arby's Restaurant Group Inc.102541390199USAWENGLOBISSCORPMediaRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/676067spcred/676067normThe latest Summary from S&Pglobal10/9/2008 6:43:00 PM175Summary676067United StatesUnited StatesGlobal IssuersCorporationsMedia & EntertainmentRetailSummaryThe ratings on Dublin, Ohio-based Wendy's/Arby's International Inc. (Wendy's/Arby's) reflect the considerable challenges that face the quick-service restaurant industry, the historical weak operating trends at Wendy's, and that declines in performance at Arby's limit the company's financial flexibility because of very limited cushion over financial covenants. Both Wendy's International Inc. (Wendy's) and Arby's Restaurant Group Inc. (Arby's) currently have their own nonrecourse capital structures, with no cross-guarantees or guarantees from the parent entity, Wendy's/Arby's. However, Standard&Poor's Ratings Services equalized the corporate credit rating on each subsidiary and the corporate credit rating on the parent because each entity will have the ability to send excess cash flows to the parent, which could then support the other entity. Furthermore, eachUSAWendy's/Arby's Restaurant Group Inc.457099USASUMMARYUSA95059P95059003879E95059M95059L25301040 253010 2530 25Wendy's International Inc.Arby's Restaurant Group Inc.102541390199USAWENGLOBISSCORPMediaRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1840181ccbn/T1840181norm...Good afternoon, everyone. My name is Debbie, and I will be your conference operator today. At this time I would like to welcome everyone to the Triarc-Wendy's merger conference call. (OPERATOR INSTRUCTIONS). Today's call is being recorded. In addition to being recorded, today's call is being webcast at www.wendys-invest.com and also www.triarc.com. There are also slides at those Web addresses that are meant to be viewed in conjunction with the formal remarks. After today's speakers' remarks, there will be a question and answer session. I would like to now turn the call over to Mr. Steve Hare, Chief Financial Officer of Triarc. You may begin, sir. ... 4/30/2008 6:07:00 PMTriarc Companies, Inc.54.0000FinalTriarc and Wendy's to Host Conference Call to Discuss the Merger TranscriptTRY4:00pm ETTranscriptT1840181Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/srp/27118srp/27118norm...Address:#### Perimeter Center West, ##th Floor, Atlanta, Georgia ##### Incorporated:DelawareWeb Site: www.wendysarbys.comSIC Classification: Eating Places (####) Business Description: Wendy's/Arby's Group, Inc. is a holding company and, through its subsidiaries, the franchisor of the Arby's and Wendy's restaurant system and operator of Arby's and Wendy's restaurants. Indices:Russell ####, Russell ####, S&P ### ... 27118950587105WEN10/6/2006 12:24:00 PM27118Credit & Investment ResearchSharkRepellent.net