Wingstop Inc. has entered into an agreement with Morgan Stanley & Co. LLC and Barclays Capital Inc. to issue and sell $500 million worth of fixed-rate senior secured notes in a privately placed securitization transaction. The notes have a 5.858% interest rate, with quarterly interest payments and an anticipated repayment date in December 2031, though they legally mature in December 2054. The agreement includes indemnity provisions for the initial purchasers against certain liabilities under the Securities Act of 1933. The pending transaction is expected to close on December 3, 2024, subject to closing conditions. The notes are not registered under the Securities Act and will not be offered in the U.S. without registration or an exemption.
*Wingstop Inc. *Morgan Stanley & Co. LLC *Barclays Capital Inc.