EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY
TO TENDER
10 1/4% SENIOR NOTES DUE 2007 (the "Exchange Notes")
IN EXCHANGE FOR
10 1/4% SENIOR NOTES DUE 2007 (the "Private Notes")
OF
THE KRYSTAL COMPANY
Registered holders of outstanding 10 1/4% Senior Notes due 2007 (the
"Private Notes") who wish to tender their Private Notes in exchange for a like
principal amount of 10 1/4% Senior Notes due 2007 (the "Exchange Notes") and
whose Private Notes are not immediately available or who cannot deliver their
Private Notes and Letter of Transmittal (and any other documents required by the
Letter of Transmittal) to SunTrust Bank, Atlanta (the "Exchange Agent") prior to
the Expiration Date, may use this Notice of Guaranteed Delivery or one
substantially equivalent hereto. This Notice of Guaranteed Delivery may be
delivered by hand or sent by facsimile transmission or mail to the Exchange
Agent, See "The Exchange Offer--Procedures for Tendering" in the Prospectus.
The Exchange Agent for the Exchange Offer is:
SunTrust Bank, Atlanta
For Information by Telephone:
(404)588-8060
By Registered or Certified Mail: By Hand or Overnight Delivery:
SunTrust Bank, Atlanta SunTrust Bank, Atlanta
Attention: Corporate Trust Corporate Trust Administration
Administration 58 Edgewood Avenue
P.O. Box 105036 4th Floor Annex
Atlanta, Georgia 30348-5036 Atlanta, Georgia 30303
Attention: David M. Kaye
Facsimile Transmissions:
(For Eligible Institutions Only)
(404) 332-3966
Facsimile Confirmation:
(404) 588-8060
Delivery of this Notice to an address other than as set forth above or
transmission of instructions via a facsimile transmission to a number other than
set forth above will not constitute a valid delivery.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an Eligible Institution under the instructions thereto, such
signature guarantee must appear in the applicable space provided on the Letter
of Transmittal for Guarantee of Signatures.
Ladies and Gentlemen:
The undersigned hereby tenders the principal amounts of Private Notes
indicated below, upon the terms and subject to the conditions contained in the
Prospectus dated December __, 1997 of The Krystal Company (the "Prospectus"),
receipt of which is hereby acknowledged.
DESCRIPTION OF SECURITIES TENDERED
NAME AND ADDRESS OF
REGISTERED HOLDER AS IT APPEARS ON
10 1/4% SENIOR NOTES DUE 2007, CERTIFICATE NUMBER(S) OF PRINCIPAL AMOUNT OF
("PRIVATE NOTES") PRIVATE NOTES TRANSMITTED PRIVATE NOTES TRANSMITTED
________________________ ______________________ __________________
________________________ ______________________ __________________
________________________ ______________________ __________________
________________________ ______________________ __________________
THE FOLLOWING MUST BE COMPLETED
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a firm that is a member of a registered national
securities exchange or a member of the National Association of Securities
Dealers, Inc. or a commercial bank or trust company having an office, branch,
agency or correspondent in the United States, hereby guarantees to deliver to
the Exchange Agent at one of its addresses set forth above, the Private Notes,
together with a properly completed and duly executed Letter of Transmittal
within five New York Stock Exchange, Inc. trading days after the date of
execution of this Notice of Guaranteed Delivery.
Name of Firm:___________________ _______________________________
(Authorized Signature)
Address:________________________ Title:_________________________
________________________________ Name:__________________________
(Zip Code)
Area Code and Telephone Number:______________________________________
Date:___________________________
NOTE: DO NOT SEND CERTIFICATES FOR PRIVATE NOTES WITH THIS NOTICE OF GUARANTEED
DELIVERY. CERTIFICATES FOR PRIVATE NOTES SHOULD BE SENT ONLY WITH
YOUR LETTER OF TRANSMITTAL.