debt
confidence high
sentiment neutral
materiality 0.55
Wendy's Co issues $500M in securitized senior secured notes: $100M at 4.236%, $400M at 4.535%
Wendy's Co
- Master Issuer issues $100M Series 2022-1 4.236% Class A-2-I Notes and $400M 4.535% Class A-2-II Notes.
- Class A-2-I Notes mature March 2029; Class A-2-II Notes mature March 2032; interest payable quarterly.
- Transaction is a privately placed securitization; closing expected by end of Q1 2022.
- Barclays and Jefferies are initial purchasers; proceeds for general corporate purposes.