Driven Brands Closes $500 Million Senior Secured Notes Offering

Reuters

10/21

Driven Brands Closes $500 Million Senior Secured Notes Offering

Driven Brands Holdings Inc. has closed a $500 million offering of Series 2025-1 Fixed Rate Senior Secured Notes, Class A-2. The notes were priced at a coupon of 5.296% and have an anticipated repayment date in October 2030, with a final maturity in October 2055. Proceeds from the issuance will be used to refinance the company's Series 2019-1 and Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes, pay transaction-related fees and expenses, and for general corporate purposes. The A-2 Notes received ratings of BBB from Kroll Bond Rating Agency and BBB- from S&P Global Ratings. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Driven Brands Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251020161835) on October 21, 2025, and is solely responsible for the information contained therein.

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The notes were priced at a coupon of 5.296% and have an anticipated repayment date in October 2030, with a final maturity in October 2055. Proceeds from the issuance will be used to refinance the company's Series 2019-1 and Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes, pay transaction-related fees and expenses, and for general corporate purposes. The A-2 Notes received ratings of BBB from Kroll Bond Rating Agency and BBB- from S&amp;P Global Ratings. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Driven Brands Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251020161835) on October 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4137","symbol_name":"综合支持服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251021:nNDL892rzJ:1","article_id":"2577824621","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577824621","pubTimestamp":1761045317,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Driven Brands Holdings Inc. has closed a $500 million offering of Series 2025-1 Fixed Rate Senior Secured Notes, Class A-2. The notes were priced at a coupon of 5.296% and have an anticipated repayment date in October 2030, with a final maturity in October 2055. Proceeds from the issuance will be used to refinance the company's Series 2019-1 and Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes, pay transaction-related fees and expenses, and for general corporate purposes. The A-2 Notes received ratings of BBB from Kroll Bond Rating Agency and BBB- from S&P Global Ratings. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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