debt
confidence high
sentiment neutral
materiality 0.55
Wingstop subsidiary issues $500M of 5.858% senior secured notes due 2054
Wingstop Inc.
- Issuer Wingstop Funding LLC to sell $500M Series 2024-1 5.858% Fixed Rate Senior Secured Notes, Class A-2.
- Legal final maturity December 2054; anticipated repayment date December 2031.
- Interest payable quarterly; additional interest accrues if not repaid by anticipated date.
- Closing expected December 3, 2024; notes sold via private placement to Morgan Stanley and Barclays.
- Notes are guaranteed by Wingstop Guarantor LLC and Wingstop Franchising LLC.