UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
___________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

May 29, 2009

Commission file number 1-13163
________________________
YUM! BRANDS, INC.
 (Exact name of registrant as specified in its charter)

 
North Carolina
 
13-3951308
 
(State or other jurisdiction of
 
(I.R.S. Employer
 
incorporation or organization)
 
Identification No.)
       
 
1441 Gardiner Lane, Louisville, Kentucky
 
40213
 
(Address of principal executive offices)
 
(Zip Code)
       
Registrant’s telephone number, including area code:  (502) 874-8300
 
Former name or former address, if changed since last report:                                                                                                                     N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 
 
 
 


Section 8 – Other Events

Item 8.01                      Other Events

On May 29, 2009, Yum! Brands, Inc. announced the results of its cash tender offer to purchase up to $150,000,000 aggregate principal amount of its 7.700% Senior Notes due July 1, 2012.  A copy of the press release is attached hereto as Exhibit 99.1.





 
 
 
 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


     
YUM! BRANDS, INC.
 
     
(Registrant)
 



Date:
 May 29, 2009
 
/s/        Ted F. Knopf
 
     
Senior Vice President of Finance
 
     
and Corporate Controller
 
     
(Principal Accounting Officer)
 

Yum! Brands Announces Results of Cash Tender Offer
To Purchase Up To $150 Million of Its 7.700% Senior Notes due July 1, 2012

LOUISVILLE, KY, May 29, 2009 – Yum! Brands, Inc. (NYSE: YUM) today announced the results of its cash tender offer to purchase up to $150 million of its 7.700% Senior Notes due July 1, 2012 (CUSIP No. 988498AA9/ISIN No. US988498AA94) (the “Notes”). The tender offer commenced on April 30, 2009 and expired at 11:59 p.m., New York City time, on May 28, 2009.

Continental Stock Transfer & Trust Company, the depositary for the tender offer, has informed Yum! Brands that holders tendered $137,065,000.00 aggregate principal amount of the Notes. The settlement date for the tender offer is today.

Goldman, Sachs & Co. and J.P. Morgan Securities Inc. served as the dealer managers for the tender offer.

Yum! Brands, Inc., based in Louisville, Kentucky, is the world’s largest restaurant company in terms of system restaurants, with more than 36,000 restaurants in more than 110 countries and territories. The company is ranked #239 on the Fortune 500 List, with revenues in excess of $11 billion in 2008. Four of the company’s restaurant brands – KFC, Pizza Hut, Taco Bell and Long John Silver’s – are the global leaders of the chicken, pizza, Mexican-style food and quick-service seafood categories, respectively. Outside the United States, the Yum! Brands system opened more than four new restaurants each day of the year, making it the largest retail developer in the world. The company has consistently been recognized for its reward and recognition culture, diversity leadership, community giving and consistent shareholder returns. Yum! Brands has been named one of the “100 Best Corporate Citizens” by Corporate Responsibility Officer magazine for its ongoing commitment to corporate responsibility and ranked among the best investor relations web sites in North America in the 2009 IR Global Rankings. For the second year, the company launched the world’s largest private sector hunger relief effort in partnership with the United Nations World Food Programme and other hunger relief agencies. To date, this effort is helping to save approximately 4 million people in remote corners of the world, where hunger is most prevalent.


Contact:

Yum! Brands, Inc.
Analysts:
Tim Jerzyk, Senior Vice President and Treasurer
888-298-6986
or
Connie Hayes Badon, Vice President and Assistant Treasurer
502-874-8320
or
Media:
Amy Sherwood, Vice President Public Relations
502-874-8200