Burger chain cooks up whole biz ABS

Burger chain cooks up whole biz ABS

Jennifer Kang

November 18, 2020 05:00 PM

Carl's Jr Burger 575 375 — Hamburgers and fries at the first Carl's Jr. in New York in Brooklyn in Coney Island on Saturday, January 13, 2018. The fast food chain with over 1300 restaurants is entering the competitive New York market, opening a second location in Midtown Manhattan at the end of January. The chain, operated by CKE Restaurant Holdings (which also owns the Hardee's brand) has less than 10 of its franchises east of Oklahoma. (ÂPhoto by Richard B. Levine) | Richard B. Levine/SIPA USA/PA Images

Fast food franchise company CKE Restaurants Holdings priced a $400m whole business securitization several points tighter than initial pricing thoughts. With Roark Capital as its sponsor, the transaction stands out among other brands for its reliable performance and name value, sources say.

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Topics

ABS Securitization United States Americas North America

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Jennifer Kang