Driven Brands Completes $275 Million Securitization for Debt Refinancing
Monday, 29 July 2024, 21:05
Driven Brands Closes $275 Million Securitization
Driven Brands has announced the successful closure of a $275 million securitization issuance aimed at refinancing existing debt. This strategic initiative is designed to enhance the company’s financial structure.
Benefits of the Securitization
- Optimizes capital management
- Improves liquidity for future investments
- Potentially lowers borrowing costs
This securitization illustrates Driven Brands' ongoing focus on effective debt management and positions the company favorably within the competitive financial landscape.
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