By Marisa Wong
Los Angeles, Sept. 10 – Winmark Corp. announced it issued $30 million of 3.18% senior secured notes due 2028.
The financing was provided by affiliates of PGIM, Inc. under an existing note agreement, according to a press release.
Winmark intends to use the proceeds for general corporate purposes, which may include share repurchases and dividends.
The resale franchise business is based in Minneapolis.
| Issuer: | Winmark Corp.
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| Issue: | Senior secured notes
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| Amount: | $30 million
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| Maturity: | 2028
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| Coupon: | 3.18%
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| Purchaser: | Affiliates of PGIM, Inc.
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| Announcement date: | Sept. 10
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