(Bloomberg) — Dunkin’ Brands Inc.’s $1.4 billion term loan to refinance debt rose in trading, according to information provider Markit Group Ltd.

The debt due November 2017, sold to investors at 100 cents on the dollar, began trading at 100.5 cents today and rose to 100.875 cents, Markit said.

Barclays Plc, JPMorgan Chase & Co., Bank of America Corp. and Goldman Sachs arranged the debt, which will pay 3 percentage points more than the London interbank offered rate, said the person who declined to be identified because the terms are private. Libor, the rate banks charge to lend to each other will have a 1.25 percent floor.

Bloomberg

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