Jack in the Box completes sale of Del Taco for $119M in cash and note

JACK IN THE BOX INC

Closed sale of Del Taco to Yadav Enterprises for approx. $119M; received $109M cash at closing.
Remaining $10M deferred via 21-day promissory note at 8% annual interest, guaranteed by Anil Yadav.
Transaction aligns with 'Jack on Track' plan to simplify business, reduce debt, and focus on Jack in the Box brand.
CEO Lance Tucker cites meaningful progress in shifting to asset-light model and driving shareholder value.

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