-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q4b2G9CPo2vRif/ivMEa/Rh997umj8Tn2DRXh/LTdJIZKeXxYpm/9AKX1dSyqQYf mErAH5o+akoy+ASJdeWlPA== 0001104659-09-050822.txt : 20090820 0001104659-09-050822.hdr.sgml : 20090820 20090820162134 ACCESSION NUMBER: 0001104659-09-050822 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090820 DATE AS OF CHANGE: 20090820 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-160941 FILM NUMBER: 091026839 BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 FWP 1 a08-22411_3fwp.htm FWP

 

 

Filed Pursuant to Rule 433

Registration Statement No. 333-160941

Dated August 20, 2009

 

PRICING TERM SHEET

 

4.250% Senior Notes due 2015

 

Issuer:

 

Yum! Brands, Inc.

Ratings:

 

Moody’s: Baa3 (stable) / S&P: BBB- (stable) / Fitch: BBB- (stable)

Format:

 

SEC Registered

Ranking:

 

Senior Unsecured

Offering Size:

 

$250,000,000

Trade Date:

 

August 20, 2009

Settlement Date:

 

August 25, 2009 (T+3)

Maturity Date:

 

September 15, 2015

Interest Payment Dates:

 

Payable semi-annually in arrears on March 15 and September 15

First Pay Date:

 

March 15, 2010

Treasury Benchmark:

 

UST 2.625% due July 31, 2014

UST Spot (PX / Yield):

 

100-30+ / 2.419%

Re-offer Spread to UST:

 

187.5 bps

Re-offer Yield to Maturity:

 

4.294%

Coupon:

 

4.250%

Issue Price:

 

99.765%

Net Proceeds to Issuer:

 

$247,912,500

Day Count Basis:

 

30 / 360

Optional Redemption:

 

Make Whole + 30 bps

CUSIP:

 

988498 AE1

Bookrunners:

 

Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated, Citigroup Global Markets Inc., J.P. Morgan Securities Inc.

 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. toll free at 1-866-471-2526, Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649, Citigroup Global Markets Inc. toll free at 1-877-858-5407 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.

 


 

PRICING TERM SHEET

 

5.300% Senior Notes due 2019

 

Issuer:

 

Yum! Brands, Inc.

Ratings:

 

Moody’s: Baa3 (stable) / S&P: BBB- (stable) / Fitch: BBB- (stable)

Format:

 

SEC Registered

Ranking:

 

Senior Unsecured

Offering Size:

 

$250,000,000

Trade Date:

 

August 20, 2009

Settlement Date:

 

August 25, 2009 (T+3)

Maturity Date:

 

September 15, 2019

Interest Payment Dates:

 

Payable semi-annually in arrears on March 15 and September 15

First Pay Date:

 

March 15, 2010

Treasury Benchmark:

 

UST 3.625% due August 15, 2019

UST Spot (PX / Yield):

 

101-16+ / 3.444%

Re-offer Spread to UST:

 

187.5 bps

Re-offer Yield to Maturity:

 

5.319%

Coupon:

 

5.300%

Issue Price:

 

99.849%

Net Proceeds to Issuer:

 

$247,997,500

Day Count Basis:

 

30 / 360

Optional Redemption:

 

Make Whole + 30 bps

CUSIP:

 

988498 AF8

Bookrunners:

 

Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated, Citigroup Global Markets Inc., J.P. Morgan Securities Inc.

 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. toll free at 1-866-471-2526, Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649, Citigroup Global Markets Inc. toll free at 1-877-858-5407 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.

 

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