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Stockreport

TGI Fridays Pays Back Bonds With Kraft Heinz Licensing Deal [BNN Bloomberg (Canada)]

The Kraft Heinz Company (KHC)  More Company Research Source: BNN Bloomberg
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
The company struck a deal with the food products firm earlier this week, which allowed Kraft Heinz to continue selling TGI Fridays food products and control the license. The proceeds of the sale were used to pay down $137 million of the dining chain's whole business securitization, a type of transaction in which a company effectively pledges most of its assets in exchange for cheap financing. TGI Fridays has about $150 million in debt outstanding from those bonds, the S&P report notes, which were originally issued in 2017. The paydown comes after the firm looked at ways to address the $375 million in bonds, having tapped Guggenheim Partners to explore options ahead of a key repayment date, Bloomberg reported. While whole business deals have final maturities that are years in the future, the bonds do have deadlines by which the borrower must either refinance or agree to reset the interest rate, known as anticipated repayment dates. TGI Fridays faced one such deadline on April 30, [Read more]
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Stockreport

TGI Fridays Pays Back Bonds With Kraft Heinz Licensing Deal [BNN Bloomberg (Canada)]

The Kraft Heinz Company  (KHC) 
More Company Research Source: BNN Bloomberg
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
The company struck a deal with the food products firm earlier this week, which allowed Kraft Heinz to continue selling TGI Fridays food products and control the license. The proceeds of the sale were used to pay down $137 million of the dining chain's whole business securitization, a type of transaction in which a company effectively pledges most of its assets in exchange for cheap financing. TGI Fridays has about $150 million in debt outstanding from those bonds, the S&P report notes, which were originally issued in 2017. The paydown comes after the firm looked at ways to address the $375 million in bonds, having tapped Guggenheim Partners to explore options ahead of a key repayment date, Bloomberg reported. While whole business deals have final maturities that are years in the future, the bonds do have deadlines by which the borrower must either refinance or agree to reset the interest rate, known as anticipated repayment dates. TGI Fridays faced one such deadline on April 30, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
KHC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS