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Log In / Register | May 24, 2016

Sonic Negotiates Hundreds of Millions in Securitization

OKLAHOMA CITY—Sonic Corp. (NASDAQ:SONC), a chain of 3,500 drive-in restaurants, announced last week that it will be dipping into business securitization for debt based on future fees that its franchisees are expected to pay the franchisor. Sonic has negotiated to receive $425 million in a 4.472 percent fixed rate senior secured note with an expected life of seven years.

Church's Goes for $245M Securitization

Church's Chicken issued a $245 million asset-backed security Friday.

Dunkin’ Refinancing Billion Dollar Loan

Dunkin’ Brands Inc seeks to refinance a $1.25 billion loan due November 2017, reports Bloomberg.

TCBY And Everyone Else Coming To Australia

A feast of US franchise offerings are coming to Australia. Amongst them is Mrs. Field’s Brands' TCBY frozen yogurt heading straight to Aus after inviting would-be US franchisees the chance to get one free.

Sonic Says It Can Service Debt

NEW YORK, NY - Sonic Drive-In (NASDAQ: SONC) sought to reassure investors today as it presented results for the past year, a period which posed challenges for the company. The stock, which had tumbled in 2008 and drifted lower thru 2009, fell again on higher-than-average volume last week.