{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-288625","form_type":"8-K","ticker":"WEN","cik":"0000030697","company_name":"Wendy's Co","filed_at":"2025-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.669553+00:00","generated_at":"2026-05-16T18:15:19.471056+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wendy's enters $450M securitization, issues 5.422% Series 2025-1 Notes due 2032","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-288625","json":"https://secwatch.observer/filing/0001193125-25-288625.json","markdown":"https://secwatch.observer/filing/0001193125-25-288625.md","text":"https://secwatch.observer/filing/0001193125-25-288625.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/30697/000119312525288625/0001193125-25-288625-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/30697/000119312525288625/d86432d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:15:19.471056+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}