{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-086708","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2025-09-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.178514+00:00","generated_at":"2026-05-17T08:25:53.838861+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Yum! Brands to refinance $938M Series 2016-1 notes with $1.0B new securitization notes","bullets":["Series 2016-1 Class A-2-III Notes had approx $938M balance as of June 30, 2025.","New $1.0B notes will repay the 2016-1 notes, pay expenses, and fund general corporate purposes.","Other series (2018-1, 2021-1 Class A-2-I/II/III) totaling $2.806B remain outstanding.","No assurance on timing, rate, or completion; offering under Rule 144A/Reg S only.","Securitization facility backed by Taco Bell U.S. franchise royalties."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-086708","json":"https://secwatch.observer/filing/0001104659-25-086708.json","markdown":"https://secwatch.observer/filing/0001104659-25-086708.md","text":"https://secwatch.observer/filing/0001104659-25-086708.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000110465925086708/0001104659-25-086708-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000110465925086708/tm2525045d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:25:53.838861+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}