Wendy's enters $450M securitization, issues 5.422% Series 2025-1 Notes due 2032

Wendy's Co

Master Issuer (Wendy's Funding, LLC) to issue $450M Series 2025-1 5.422% Fixed Rate Senior Secured Notes, Class A-2.
Purchase agreement with Barclays Capital Inc. and initial purchasers; closing expected by end of Q4 2025.
Interest payable quarterly; anticipated repayment date December 2032; additional interest may accrue if not repaid.
Notes are privately placed under Rule 144A/Regulation S, not registered under the Securities Act.
Obligations guaranteed by certain Wendy's subsidiaries; proceeds for general corporate purposes not specified.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.