European wax center, inc. prices $400 million securitized financing facility

Plano, texas, march 28, 2022 (globe newswire) -- european wax center, inc. (nasdaq:ewcz) (together with its subsidiaries, the “company”) today announced that it has priced $400 million of series 2022-1 class a-2 fixed rate senior secured notes (the “class a-2 notes”) with an anticipated repayment term of five years, an aggregate principal amount of $400 million and a fixed interest rate of 5.50% per annum, payable quarterly. the class a-2 notes are expected to be issued by ewc master issuer llc, a newly-formed, limited-purpose, bankruptcy remote indirect subsidiary of european wax center, inc. in a privately placed securitization transaction.
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