YUM! Brands issues $1B of 5.375% senior notes due 2032

YUM BRANDS INC

Issued $1,000 million aggregate principal amount of 5.375% Senior Notes due April 1, 2032.
Notes are general unsecured senior obligations; not guaranteed by any subsidiary.
Redeemable before April 1, 2027 at make-whole premium; thereafter at specified prices (e.g., 102.688% in 2027).
Offered under existing shelf registration statement; proceeds for general corporate purposes.

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