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GC Asia
Wendy's makes run at whole biz ABS market with $1bn deal
Fast food chain Wendy’s is preparing to serve up a whole business securitization that will refinance an older transaction, with the deal expected to close early in the New Year.
The company announced this week that $858m of the $1.025bn deal will go towards refinancing a portion of its outstanding debt from a May 2015 offering, and indicated that the transaction is set to close in the first quarter of next year.
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