Press release
Domino's Pizza® Announces Refinancing Transaction
ANN ARBOR, Mich., Aug. 6, 2025 /PRNewswire/ -- Domino's Pizza, Inc. (NASDAQ: DPZ), the largest pizza company in the world, today announced that certain of its
About this update from Domino's Pizza Inc
[{"type":"text","content":"ANN ARBOR, Mich., Aug. 6, 2025 /PRNewswire/ -- Domino's Pizza, Inc. (NASDAQ: DPZ), the largest pizza company in the world, today announced that certain of its subsidiaries intend to complete a refinancing transaction of a portion of their outstanding securitization debt with a new series of securitized debt. The Company also expects these subsidiaries to enter into a new variable funding note facility.\n\n \n \n \n \n \n \n\n \nThe Company's subsidiaries intend to issue $1.0 billion of new securitized notes (the \"2025 Notes\") and to use the proceeds, together with approximately $150 million of cash on hand, to prepay and retire in full $742.0 million in aggregate principal amount of the Company's 2015-1 Fixed Rate Senior Secured Notes, Class A-2-II at par, to prepay and retire in full $402.7 million in aggregate principal amount of the Company's 2018-1 Fixed Rate Senior Secured Notes, Class A-2-I at par, to prepay and retire in full any outstanding principal amount of the Company's 2021-1 Variable Funding Notes, Class A-1 at par, to prepay and retire in full any outstanding principal amount of the Company's 2022-1 Variable Funding Notes, Class A-1 at par and to pay transaction fees and expenses. The Company expects that these subsidiaries will also enter into a new $320 million variable funding note facility, which will replace the existing $200 million 2021-1 Variable Funding Notes, Class A-1 and $120 million 2022-1 Variable Funding Notes, Class A-1. As of June 15, 2025, there was approximately $56.4 million of outstanding letters of credit and no outstanding borrowings under the existing variable funding note facilities.\nThe consummation of the note offering is subject to market and other conditions and is anticipated to close in the third quarter of 2025. However, there can be no assurance that the Company will be able to successfully complete the refinancing transaction on the terms described, or at all.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy the 2025 Notes, the variable funding notes or any other security. The notes to be offered have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933...