Wendy's deal may not mean hot ‘n' juicy whole biz mart in 2018

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By Sasha Padbidri
06 Dec 2017

Fast food chain Wendy's priced its latest securitization on Wednesday, bringing the volume of whole business deals in the US to over $7bn this year. But sources said that despite the attractions of ABS over vanilla bond issuance, a slow maturation cycle could lead to a quiet 2018 pipeline for the asset class.

The company indicated last week that approximately $858m from the transaction will go towards refinancing a portion of its outstanding debt from a May 2015 offering, and noted that the transaction will close in the New Year.

Leads Guggenheim and Citiincreased the offered size of the deal from $875m ...

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