Politics
Pizza Hut Looks to Sell $1 Billion of Bonds to Fund Its Buyout
Key Points
Pizza Hut Looks to Sell $1 Billion of Bonds to Fund Its Buyout Pizza Hut is looking to sell around $1 billion of bonds backed by its franchise agreements and related fees, to help fund its buyout by private equity firm LongRange Capital LLC. The bonds, a type of asset backed security known as a whole business securitization, are expected to be sold next week, according to a person with knowledge of the transaction. The securities are currently in an early marketing phase.
Pizza Hut Looks to Sell $1 Billion of Bonds to Fund Its Buyout
Pizza Hut is looking to sell around $1 billion of bonds backed by its franchise agreements and related fees, to help fund its buyout by private equity firm LongRange Capital LLC.
The bonds, a type of asset backed security known as a whole business securitization, are expected to be sold next week, according to a person with knowledge of the transaction. The securities are currently in an early marketing phase.