---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-094493"
form_type: "8-K"
ticker: "WEN"
cik: "0000030697"
company_name: "Wendy's Co"
filed_at: "2022-04-04T23:59:59+00:00"
generated_at: "2026-06-26T09:55:12.229678+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wendy's closes $500M securitization; guides FY2022 adj EPS $0.82-$0.86; boosts buyback to $250M

## Summary
- Issued $100M 4.236% Class A-2-I notes (ant. repayment Mar 2029) and $400M 4.535% Class A-2-II notes (ant. repayment Mar 2032).
- FY2022 guidance: adjusted EPS $0.82-$0.86, cash from ops $305M-$325M, free cash flow $215M-$225M.
- Board increased share repurchase authorization by $150M to $250M, expiring February 2023.
- Net proceeds for general corporate purposes including growth initiatives, return of capital, and debt retirement.
- Collateral includes franchise agreements, real estate, and intellectual property; legal final maturity March 2052.

## SEC filing metadata
- accession: 0001193125-22-094493
- form_type: 8-K
- ticker: WEN
- cik: 0000030697
- company_name: Wendy's Co
- filed_at: 2022-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/30697/000119312522094493/0001193125-22-094493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/30697/000119312522094493/d530517d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-094493
- JSON: https://secwatch.observer/filing/0001193125-22-094493.json
- Plain text: https://secwatch.observer/filing/0001193125-22-094493.txt

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