Wingstop intends to issue $500M in securitized notes, upsize VFN to $300M

Wingstop Inc.

Issuance of $500M new securitized notes alongside existing Series 2020-1 and 2022-1.
Variable funding note facility capacity increased from $200M to $300M; no outstanding borrowings as of Nov 13.
Proceeds to pay transaction fees, strengthen liquidity, and for general corporate purposes including share repurchases.
Transaction subject to market conditions; expected to close in Q4 2024.
Notes offered under Rule 135c; not registered under Securities Act, restricted to QIBs.

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