{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-088718","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2025-09-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.178859+00:00","generated_at":"2026-05-17T06:57:17.073738+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"YUM! Brands prices $1.5B securitized notes via Taco Bell Funding subsidiary","bullets":["$1,000M of 4.821% fixed-rate senior secured notes (Class A-2-I) and $500M of 5.049% notes (Class A-2-II).","Anticipated repayment dates: August 2030 (Class A-2-I) and August 2032 (Class A-2-II); legal final maturity August 2055.","Proceeds will repay outstanding Series 2016-1 notes; remaining net proceeds for general corporate purposes, debt repayment, or shareholder returns.","Closing expected September 24, 2025, subject to conditions; notes sold via Rule 144A/Reg S private placement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-088718","json":"https://secwatch.observer/filing/0001104659-25-088718.json","markdown":"https://secwatch.observer/filing/0001104659-25-088718.md","text":"https://secwatch.observer/filing/0001104659-25-088718.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000110465925088718/0001104659-25-088718-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000110465925088718/tm2525657d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:57:17.073738+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"}