secwatch.observer — SEC 8-K summary
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Issuer:     Wingstop Inc. (WING)
CIK:        0001636222
Form:       8-K
Filed at:   2022-03-10T23:59:59+00:00
Accession:  0001193125-22-071292
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 1.02, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wingstop completes $250M securitization, declares $4 special dividend; provides FY2022 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636222/000119312522071292/0001193125-22-071292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636222/000119312522071292/d317215d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-071292

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