Domino’s Pizza, Driven Brands tap ABS to refi debt

By Sasha Padbidri
16 Apr 2018

Domino’s Pizza and Driven Brands have returned the ABS market with whole business deals that will help both issuers pay down existing debt.

Banks on both deals released guidance on Monday, with the deals pricing mid-week.

Guggenheim and Goldman Sachs, which are leading the $825m Domino’s deal, priced the ‘A-2-I’ notes on Wednesday at 130bp over interpolated swaps, and the ‘A-2-II’ notes at 150bp over.

According to a presale from S&P ...

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