debt
confidence high
sentiment neutral
materiality 0.50
Domino's adds $120M revolving securitized note facility for general corporate use
DOMINOS PIZZA INC
- New Series 2022-1 Class A-1 Notes allow up to $120M revolving draws; interest at cost of funds plus 150 bps.
- Unused commitment fee of 50 bps per annum; maturity expected by April 2026 with two one-year extensions.
- Proceeds may be used for general corporate purposes including dividends and stock repurchases.
- Existing securitization debt totals ~$5.1B; this facility increases total revolving capacity to $320M.