Jack in the Box completes sale of Del Taco Holding

Group 1 - The company has completed the sale of Del Taco Holdings to Yadav Enterprises Inc for approximately $119 million, which is a significant step in its "Jack on Track" plan [1] - The transaction involved receiving about $109 million in cash and a $10 million promissory note with an 8% annual interest rate, guaranteed by Anil Yadav, the founder and CEO of Yadav [1] - This sale aims to strengthen the company's balance sheet and accelerate its transition to a simpler, asset-light business model [1]