Wingstop (WING) Declares $4.00 Special Dividend; 3% Yield
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Wingstop Inc. Completes $250 Million Securitization Transaction and Declares Special Dividend of $4.00 Per Share
March 10, 2022 7:32 AM ESTDALLAS, March 10, 2022 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING), completed a securitized financing transaction on March 9, 2022, which included the issuance of a new series of $250 million of securitized notes (the "Notes"). The Series 2022-1 Class A-2 Senior Secured Notes are subject to 1% annual amortization, bear interest at a rate of 3.734% per annum, and have an anticipated repayment date of March 2029. Interest and principal payments on the Notes are payable on a quarterly basis.
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