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Pizza Hut Looks to Sell $1 Billion of Bonds to Fund Its Buyout

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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.
Pizza Hut Looks (ORG) LongRange Capital LLC (ORG)
Originally published by Bloomberg Markets Read original →