Domino's Pizza Inc., the world's largest pizza company, announced a refinancing transaction involving the issuance of $1.0 billion in new securitized notes. The subsidiaries of Domino's intend to use the proceeds, along with approximately $150 million in cash, to prepay and retire several outstanding notes. These include the $742.0 million aggregate principal amount of the 2015-1 Fixed Rate Senior Secured Notes, Class A-2-II, and the $402.7 million aggregate principal amount of the 2018-1 Fixed Rate Senior Secured Notes, Class A-2-I, among others. Additionally, a new $320 million variable funding note facility will replace the existing 2021-1 and 2022-1 Variable Funding Notes. The transaction is expected to close in the third quarter of 2025, subject to market and other conditions.
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