Church’s Chicken Completes $250 Million Securitization Issuance
November 6, 2021
ATLANTA–(BUSINESS WIRE)–Church’s Chicken® (“Church’s” or the “Company”), one of the world’s largest quick service chicken restaurant chains, announced it has closed an offering by certain of its subsidiaries for $225,000,000 Series 2021-1 Fixed Rate Senior Secured Notes, Class A-2 (the “Offered Notes”). This transaction was structured as a whole business securitization through five special purpose subsidiaries (the “Co-Issuers”) and represents Church’s third whole business securitization issuance. The Offered Notes were priced at a coupon of 3.