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Stock impact report

Jack in the Box Inc. Announces $105 Million Debt Repayment

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Jack in the Box Inc. (NASDAQ: JACK) (the “Company”) today announced it has repaid $105 million of the Company’s existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II. The repayment was made in connection with the Company’s ongoing prioritization of debt reduction as part of its “JACK on Track” plan.“This debt repayment reflects the meaningful progress we continue to make toward strengthening our balance sheet and positioning the Company for sustainable growth under ‘JACK on Track,’” said Lance Tucker, Chief Executive Officer of Jack in the Box Inc. “Our efforts to improve long-term financial performance, accelerate cash flow, and simplify our company while preserving growth-oriented capital investments are working, and we remain committed to executing against these strategic priorities to deliver value for our shareholders.”The Company plans to continue to pay down debt through a combination of cash on hand and targeted real estate Show less Read more
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