|The Wendy's Company Prices $925 Million Securitized Financing Facility|
The Master Issuer also intends to enter into a purchase agreement under which it will issue
The net proceeds from the expected sale of the 2018 Notes will be used to redeem the Master Issuer's outstanding Series 2015-1 Class A-2-I Notes and Series 2015-1 Class A-1 Notes (together, the "2015 Notes"), to pay prepayment and transaction costs, and for general corporate purposes.
The closing of the sale of the 2018 Notes is expected to occur in the first quarter of 2018, subject to satisfaction of various closing conditions. There can be no assurance regarding the timing of the closing or that the sale of 2018 Notes or redemption of 2015 Notes will be completed.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2018 Notes or any other security. The 2018 Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in
This news release contains certain statements that are not historical facts, including statements regarding the expected use of proceeds from the sale of the 2018 Notes. Those statements, as well as statements preceded by, followed by, or that include the words "will," "intends," "expected" or "would be," constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). The forward-looking statements are based on the Company's expectations at the time, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors. These factors include, but are not limited to, the satisfaction of the closing conditions to the Purchase Agreement described above, the impact of general market, industry, credit and economic conditions, as well as other factors identified in the "Special Note Regarding Forward-Looking Statements and Projections" and "Risk Factors" sections of our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.
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Investors - Peter Koumas, Director of Investor Relations, (614) 764-8478, Peter.Koumas@wendys.com
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