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Driven Brands Closes $500 Million Securitization Issuance to Refinance Existing Debt
Businesswire· 2025-10-21 11:15
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 $500 million of Series 2025-1 Fixed Rate Senior Secured Notes, Class A-2 (the "A-2 Notes†), maturing October 2055 and with an anticipated repayment date in October 2030. The proceeds from the issuance will be used in combination with funding from the Company's revolving credit facility to refinance the C. ...