Wingstop eyes refinancing credit facility through securitization

By Wendy Van Sickle

Columbus, Ohio, Oct. 25 – Wingstop, Inc. plans to refinance its existing senior secured credit facility with a new securitized financing facility, expected to include about $300 million of senior term notes and $25 million of senior variable funding notes, according to a press release.

At Sept. 29, Wingstop had about $215.4 million drawn on its credit facility. The company plans to use proceeds from the sale of the senior term and variable funding notes to pay costs associated with the refinancing and for general corporate purposes, which may include returning cash to shareholders.

The refinancing is subject to market conditions.

The restaurant franchise is based in Dallas.

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