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

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

  • By Sasha Padbidri
  • 16 Apr 2018

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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2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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