{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-053083","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.994536+00:00","generated_at":"2026-06-03T06:10:02.332473+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"YUM! Brands refinances existing $713M term loan & $1.25B revolver with $500M term A & $1.5B revolver due 2029","bullets":["New $500M Term A Loan and $1.5B revolving credit facility mature April 26, 2029.","Existing ~$713M term loan A and $1.25B revolving facility fully refinanced with new facilities.","Interest rate spreads unchanged: 0.75%-1.50% for Adjusted Term SOFR; 0.00%-0.50% for base rate.","Excess cash flow mandatory prepayment and most-favored-nation provisions removed from Term A Loan.","Swing line sublimit increased; all other material terms of Credit Agreement remain unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-053083","json":"https://secwatch.observer/filing/0001104659-24-053083.json","markdown":"https://secwatch.observer/filing/0001104659-24-053083.md","text":"https://secwatch.observer/filing/0001104659-24-053083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000110465924053083/0001104659-24-053083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000110465924053083/tm2412499d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:10:02.332473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"971043ed52e6a2b75549196f49b3d067f21c5bb9","claim":"YUM BRANDS INC amended credit facility of $500 million term loan A and a $1.5 billion revolving credit facility with JPMorgan Chase Bank, N.A., as Collateral Agent, Swing Line Lender, an L/C Issuer and Administrative Agent at Adjusted Term SOFR or the base rate, as determined by the Borrowers, plus a spre maturing April 26, 2029.","evidence_excerpt":"thereto, pursuant to which the Company refinanced its existing approximately $713 million term loan A facility and $1.25 billion revolving facility through the issuance of a $500 million term loan A (the “Term A Loan”) and a $1.5 billion revolving credit facility (the “Revolving Facility”). The Term A Loan and the Revolving Facility will mature on the earliest of","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041061/000110465924053083/0001104659-24-053083-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million term loan A and a $1.5 billion revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Collateral Agent, Swing Line Lender, an L/C Issuer and Administrative Agent"},{"label":"Rate","value":"Adjusted Term SOFR or the base rate, as determined by the Borrowers, plus a spre"},{"label":"Maturity","value":"April 26, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b507f7c8bb9e33797e645181cc19a8fa743fe020","claim":"YUM BRANDS INC amended Refinancing Amendment No. 7 with JPMorgan Chase Bank, N.A., as Collateral Agent, Swing Line Lender, an L/C Issuer and Administrative Agent, and the Lenders (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, Pizza Hut Holdings, LLC, KFC Holding Co. and Taco Bell of America, LLC (collectively, the “Borrowers”), each a wholly owned subsidiary of YUM! Brands, Inc. (“YUM” or the “Company”), entered into a Refinancing Amendment No. 7 (the “Amendment”) to the Credit Agreement, dated as of June 16, 2016","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041061/000110465924053083/0001104659-24-053083-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Collateral Agent, Swing Line Lender, an L/C Issuer and Administrative Agent, and the Lenders"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}