Wingstop agrees to sell $500 million of securitized notes due 2031 anticipated repayment
Wingstop and its subsidiaries signed a purchase agreement on November 19, 2024, under which a special purpose subsidiary will issue and sell $500 million of Series 2024-1 5.858% Fixed Rate Senior Secured Notes, Class A-2, in a private securitization. The closing is expected on December 3, 2024, subject to closing conditions, and the notes carry an anticipated repayment date in December 2031 with a legal final maturity in December 2054.
Key points
- $500 million of Series 2024-1 5.858% Fixed Rate Senior Secured Notes, Class A-2, to be issued by Wingstop Funding LLC
- Anticipated repayment date in December 2031; legal final maturity in December 2054
- If not repaid or refinanced by the anticipated repayment date, additional interest accrues at the greater of 5.00% per annum and a Treasury-based formula plus 5.00% and 1.60%
- Closing expected Tuesday, December 3, 2024; Morgan Stanley & Co. LLC and Barclays Capital Inc. are the initial purchasers
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 20, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.