debt
confidence high
sentiment neutral
materiality 0.50
Wingstop subsidiary to issue $250M 3.734% senior secured notes due 2052
Wingstop Inc.
- Issuer Wingstop Funding LLC to sell $250M Series 2022-1 3.734% Fixed Rate Senior Secured Notes, Class A-2.
- Legal final maturity March 2052; anticipated repayment March 2029; interest payable quarterly.
- Private securitization with purchase agreement from Morgan Stanley & Co. LLC; closing expected March 9, 2022.
- Notes guaranteed by Wingstop Guarantor LLC and Wingstop Franchising LLC.
- Proceeds used for general corporate purposes; notes not registered under Securities Act.