DALLAS, Oct. 25, 2018 (GLOBE NEWSWIRE) — Wingstop Inc. (NASDAQ: WING), the award-winning addition abstraction with added than 1,200 locations worldwide, today appear its ambition to refinance its absolute chief anchored acclaim ability with a new securitized costs facility, accepted to be comprised of about $300 actor of chief appellation addendum and $25 actor of chief capricious allotment addendum (the “Notes”).
As of September 29, 2018, the antithesis of the Company’s chief anchored acclaim ability was about $215.4 million. The Company intends to use the net gain from the auction of the Addendum to accord its absolute chief anchored indebtedness, to pay transaction costs associated with the refinancing, and for accepted accumulated purposes, which may accommodate the acknowledgment of banknote to shareholders.
The refinancing transaction is accountable to bazaar and added altitude and is advancing to aing in the fourth division of 2018. There can be no affirmation apropos the timing of the refinancing transaction, the absorption amount at which the Company’s absolute acknowledgment would be refinanced, or that the refinancing transaction will be completed.
This columnist absolution does not aggregate an action to advertise or the address of an action to buy the Addendum or any added security. The Addendum are accepted to be offered pursuant to an absolution from the allotment requirements of the Balance Act of 1933 (the “Securities Act”) and applicative accompaniment balance laws and appropriately accept not been, and will not be, registered beneath the Balance Act, or any accompaniment balance laws, and may not be offered or awash in the United States absent allotment or an applicative absolution from the allotment requirements of the Balance Act and applicative accompaniment balance laws. This columnist absolution is actuality issued pursuant to and in accordance with Rule 135c beneath the Balance Act.
Certain statements independent in this columnist release, as able-bodied as added advice provided from time to time by Wingstop Inc. or its employees, may accommodate advanced statements that absorb risks and uncertainties that could account absolute after-effects to alter materially from those in the advanced statements. You can analyze advanced statements by the actuality that they do not chronicle carefully to absolute or accepted facts. These statements may accommodate words such as “intention,” “intend,” “expect,” “expected,” “will,” “would be,” and added words and agreement of agnate acceptation in affiliation with any altercation of the timing or attributes of our costs activities. Any such advanced statements are not guarantees of achievement or after-effects and absorb risks, uncertainties (some of which are above the Company’s control), and assumptions. Although we accept any advanced statements are based on reasonable assumptions, you should be acquainted that abounding factors could affect absolute after-effects and outcomes and account them to alter materially from those advancing in any advanced statements. Please accredit to the accident factors discussed in our Form 10-K for the year ended December 30, 2017, which can be begin at the SEC’s website www.sec.gov. The altercation of these risks is accurately congenital by advertence into this columnist release.
Any advanced account fabricated by Wingstop Inc. in this columnist absolution speaks alone as of the date on which it is made. We undertake no obligation to amend any advanced statement, whether as a aftereffect of new information, approaching developments or otherwise, except as may be appropriate by law.
Wingstop Inc. (NASDAQ:WING) was founded in 1994 and is headquartered in Dallas, Texas. As of September 29, 2018, Wingstop operated and franchised added than 1,200 restaurants beyond the United States and nine added countries about the world. The Addition Experts’ card appearance archetypal and boneless wings with 11 d, characteristic flavors including Original Hot, Cajun, Atomic, Mild, Spicy Korean Q, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub, and Mango Habanero. Wingstop’s wings are consistently adapted to order, hand-sauced and tossed and served with our fresh-cut, acclimatized chips and made-from-scratch Ranch and Bleu Cheese dips. The Company has developed its calm aforementioned abundance sales for 14 after years, has been ranked #3 on the “Top 100 Fastest Growing Restaurant Chains” by Nation’s Restaurant News (2016), was ranked #7 on the “Top 40 Fast Casual Chains” by Restaurant Business (2016), and was called “Best Franchise Deal in North America” by QSR annual (2014). For added advice appointment www.wingstop.com or www.wingstopfranchise.com. Follow us on facebook.com/Wingstop and Twitter @Wingstop.
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