Dunkin’ Brands Group, Inc. has set the financial terms for its initial public offering. According to a filing this morning, Dunkin’ aims to sell 22.25 million shares at a price range of $16.00 to $18.00 each.  The company will list on the NASDAQ under the symbol “DNKN”.

The top-line underwriters (book-runners) were listed as J.P.Morgan, Barclays, Morgan Stanley, BofA/Merrill Lynch and Goldman Sachs.  The co-managers are now listed as Baird, William Blair, Raymond James, Stifel Nicolaus Weisel, Wells Fargo Securities, Moelis & Company, SMBC Nikko, Ramirez & Co. and The Williams Capital Group.  Dunkin is also granting the underwriters an option to purchase up to an additional 3,337,500 shares of common stock at the same terms for a period of 30 days.

As a reminder, this is a private equity IPO.  The head sponsors are Bain Capital, The Carlyle Group and Thomas H. Lee Partners.

After the offering, there will be some 126,355,687 shares outstanding, or 129,693,187 shares if the underwriters exercise their option to purchase additional shares in full.  This is after share splits and reclassification of shares.

Dunkin’ said it will use the proceeds, along with available cash, to repay all amounts outstanding under the Dunkin’ Brands, Inc. 9 5/8% senior notes due 2018. As of April 30, 2011, the principal amount outstanding on the notes was $475.0 million in aggregate. Any remaining net proceeds will be used for working capital and for general corporate purposes.

More financial details were given when Dunkin’ first filed for an IPO back in May.

JON C. OGG

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