---
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"
generated_at: "2026-05-17T06:57:17.073738+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# YUM! Brands prices $1.5B securitized notes via Taco Bell Funding subsidiary

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-088718
- JSON: https://secwatch.observer/filing/0001104659-25-088718.json
- Plain text: https://secwatch.observer/filing/0001104659-25-088718.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.