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

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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