YUM! Brands, Inc. Announces Proposed Notes Offering
March 30 2020 - 8:44AM
Business Wire
Yum! Brands, Inc. (NYSE: YUM) (the “Company”) today announced
that it has commenced an offering of $500 million aggregate
principal amount of Senior Notes due 2025 (the “Notes”).
The Notes will be the Company’s general unsecured senior
obligations and will not be guaranteed by any of the Company’s
subsidiaries. Net proceeds from the Notes offering will be used to
pay the fees and expenses of the offering and for general corporate
purposes.
Consummation of the offering of the Notes is subject to market
and other conditions, and there can be no assurance that this
offering will be completed on the terms described above, or at
all.
The Notes have not been and will not be registered under the
Securities Act of 1933, as amended (the “Securities Act”) or any
state securities laws, and may not be offered or sold in the United
States or to U.S. persons absent registration or an applicable
exemption from such registration requirements. Accordingly, the
Notes will be offered and sold in the United States only to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act and to non-U.S. persons in offshore transactions
outside the United States in accordance with Regulation S under the
Securities Act. This release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of, the Notes in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
RELEASE NOTICE
The releases contained on this page may contain dated
information. Readers are cautioned that the releases on this page
are maintained here solely for the purposes of providing historical
background about Yum! Brands, its business and product offerings.
As the releases may contain dated information, they should not be
relied upon as providing accurate or current information. Yum!
Brands disclaims any intention or obligation to update or revise
any of the information contained in any of the releases on this
page, whether as a result of new information, future events or
otherwise
Category: Financial
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200330005383/en/
Analysts are invited to contact: Keith Siegner, Vice President,
Investor Relations, M&A and Treasurer, at 888/298-6986
Members of the media are invited to contact: Virginia Ferguson,
Senior Director, Public Relations, at 502/874-8200
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Apr 2023 to Apr 2024