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Wingstop Inc. Announces Intention to Enter Into New Securitized Financing Facility
Wingstop Inc., today announced its intention to complete a securitized financing transaction, which will include a new series of securitized debt. The Company also expects to enter into a new variable funding note facility.
The Company intends to issue $250 million of new securitized notes (the "Notes"), in addition to its existing Series 2020-1 Fixed Rate Senior Notes. The Company intends to use the net proceeds from the issuance to pay transaction fees, strengthen the Company's liquidity position, and for general corporate purposes, which may include a...