IFLR1000

Yum! Brands $1.97 billion refinancing

9/4/2018
Refinancing
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$ 1.97 billion

Completed

9/4/2018

Overview:

  • Yum! Brands has received $1.97 billion refinancing.
  • The facilities were provided to Yum! subsidiaries KFC Holding, Pizza Hut Holdings and Taco Bell of America.
  • JPMorgan Chase acted as administrative agent. 
  • JPMorgan Chase, Goldman Sachs, Wells Fargo Securities and Citigroup Global Markets were among the parties that acted as both joint lead arrangers and joint bookrunners. 
  • Proceeds will be used to reprice and for refinancing of existing loans.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Refinancing

Practice area:

Banking

Governing law:

United States

Industry sector:

Food and beverage

Firms:
Davis Polk & Wardwell

Party: JPMorgan Chase (Administrator, Joint lead manager, Joint bookrunner)

Party: Goldman Sachs (Joint lead arranger, Joint bookrunner)

Party: Wells Fargo Securities (Joint lead arranger, Joint bookrunner)

Party: Citigroup Global Markets (Joint lead arranger, Joint bookrunner)

Lawyer: Meyer Dworkin

Mayer Brown

Party: Yum! Brands (Borrower)

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