Delaware
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1-2207
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38-0471180
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(State or other jurisdiction
of incorporation)
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(Commission
File No.)
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(IRS Employer
Identification No.)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01
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Other Information.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit
No. |
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Description
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99.1
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THE WENDY’S COMPANY
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By:
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/s/ Dana Klein | |
Name: | Dana Klein | ||
Title: |
Senior Vice President – Corporate and
Securities Counsel and Assistant Secretary
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— | The Company’s last refinancing occurred in June 2015, with the issuance of a $2.275 billion securitized financing facility including three tranches of fixed rate notes with principal amounts of $875 million (the “Series 2015-1 Class A-2-I Notes”), $900 million (the “Series 2015-1 Class A-2-II Notes”), and $500 million (the “Series 2015-1 Class A-2-III Notes”), respectively, and $150 million of variable funding notes (the “Series 2015-1 Class A-1 Notes”). |
— | The Company’s subsidiaries intend to issue at least $875 million of new senior secured notes (the “Series 2018-1 Notes”) and plan to use the net proceeds from the sale of the Series 2018-1 Notes to redeem the Series 2015-1 Class A-2-I Notes, pay related transaction and prepayment costs, and for general corporate purposes. At the end of the third fiscal quarter of 2017, the balance of the Series 2015-1 Class A-2-I Notes outstanding was approximately $858 million. |
— | The Company’s subsidiaries also intend to enter into a new $150 million variable funding note facility, which will replace the Series 2015-1 Class A-1 Notes. |