debt
confidence high
sentiment positive
materiality 0.75
Wingstop completes $250M securitization, declares $4 special dividend; provides FY2022 outlook
Wingstop Inc.
- Issued $250M Series 2022-1 3.734% Senior Secured Notes, anticipated repayment March 2029; 1% annual amortization.
- Entered $200M variable funding note facility (undrawn at closing), replacing prior $50M facility.
- Board declared $4.00/share special dividend, payable April 7, 2022 to holders of record March 24, 2022.
- FY2022 outlook: interest expense ~$23.5M, effective tax rate 27-28%, loss on debt extinguishment ~$1M.
- CEO Charlie Morrison: total capital returned to shareholders >$645M since IPO including this dividend.