Driven brands closes $275 million securitization issuance to refinance existing debt

Charlotte, n.c.--(business wire)--driven brands holdings inc. (“driven brands” or the “company”) (nasdaq: drvn) announced today that it has closed an offering by certain of its subsidiaries for $275 million of series 2024-1 fixed rate senior secured notes, class a-2 (the “a-2 notes”) maturing october 2054 and with an anticipated repayment date in october 2031. the proceeds from the issuance will be used to refinance the company's series 2018-1 class a-2 fixed rate senior secured notes, to pay t.
DRVN Ratings Summary
DRVN Quant Ranking