Loan & DebtJun 15, 2026, 07:36 AM
Jack in the Box Prices $500M Notes, Repays Existing Debt
AI Summary
Jack in the Box Inc. announced its subsidiary, Jack in the Box Funding, LLC, will issue $500 million of Series 2026-1 7.624% Fixed Rate Senior Secured Notes in a private securitization transaction. The net proceeds are intended to fully repay the Company's existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes and partially repay the Series 2022-1 3.445% Fixed Rate Senior Secured Notes. Additionally, the Master Issuer plans to issue $150 million of Series 2026-1 Variable Funding Senior Secured Notes to replace existing variable funding notes.
Key Highlights
- Jack in the Box Inc. subsidiary to issue $500 million of Series 2026-1 7.624% Fixed Rate Senior Secured Notes.
- The new notes mature in May 2031, with quarterly interest payments.
- Proceeds will be used to repay outstanding Series 2019-1 and Series 2022-1 notes.
- An additional $150 million in Series 2026-1 Variable Funding Senior Secured Notes will be issued.
- The variable funding notes will replace existing Series 2022-1 Variable Funding Senior Secured Notes.
Price Impact
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