Yum! Brands, Inc.
YUM! Brands Announces $1.5 Billion Notes Issuance
Summary
On September 9, 2025, YUM! Brands, Inc. announced that its subsidiary, Taco Bell Funding, LLC, will issue $1.5 billion in securitized notes. The notes, consisting of $1 billion in 4.821% Class A-2-I Notes and $500 million in 5.049% Class A-2-II Notes, are expected to close on September 24, 2025. The proceeds will be used to repay existing debt and for other corporate purposes. This transaction is part of a private offering under Rule 144A and Regulation S.
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About Yum! Brands, Inc.
Yum! Brands, Inc. operates as one of the world’s largest fast-food restaurant companies, specializing in the development and management of globally recognized brands such as KFC, Pizza Hut, and Taco Bell. The company focuses on offering a diverse array of consistent, value-driven food options that cater to a wide range of consumer tastes and preferences. With its entrepreneurial franchise business model, Yum! Brands extends its global footprint across numerous countries, with thousands of restaurants strategically located to reach a vast customer base. A notable feature of the company includes its ability to integrate localized flavors and menu customizations while maintaining brand consistency and operational efficiency. Headquartered in Louisville, Kentucky, Yum! Brands plays a significant role in the quick-service restaurant industry, leveraging its significant scale and brand equity to influence market trends and consumer behavior.
Official SEC Documents
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