Cajun Global LLC $210 Million Notes Series 2017-1 Assigned Preliminary Ratings

Stocks and Financial Services Press Releases Tuesday May 16, 2017 10:07
CHICAGO--16 May--S&P Global Ratings
OVERVIEW
  • Cajun Global LLC's series 2017-1 issuance is backed by existing and future franchise agreements and related franchisee royalties and fees, royalties on existing and future company-owned restaurants, operating profit (less royalties) from existing and future company-owned restaurants, and existing and future intellectual property.
  • We assigned our preliminary ratings to the class A-1 and A-2 notes.
  • The preliminary ratings reflect our view of the transaction's structure, projected cash flows, and the strength of Church's Chicken brand, among other factors.
CHICAGO (S&P Global Ratings) May 15, 2017--S&P Global Ratings today assigned its preliminary ratings to Cajun Global LLC's $210 million senior secured notes series 2017-1 (see list).

The note issuance is backed by existing and future franchise agreements and related franchisee royalties and fees, royalties on existing and future company-owned restaurants, operating profit (less royalties) from existing and future company-owned restaurants, and existing and future intellectual property.

The preliminary ratings are based on information as of May 15, 2017. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.

Latest Press Release

Gavin Bambury named OANDA(R) CEO

A global leader in online multi-asset trading services and currency data and analytics, OANDA Global Corporation is pleased to announce the appointment of industry leader Gavin Bambury as Chief Executive Officer, effective Monday 26 August 2019. Based in...

Thailand Focus 2019 showcases new governments policies to reinforce confidence

The Stock Exchange of Thailand (SET) will hold the annual flagship inbound roadshow "Thailand Focus 2019: Embracing Opportunities - The Next Chapter", during August 28 – 30, 2019 in Bangkok, marking the first conference for the new government to...

SCB joins with Intelspire to help SMEs increase people management efficiency with Timemint, an advanced digital platform powered by SCB Payroll

Siam Commercial Bank (SCB) continues to expand its digital partnerships to help increase efficiency. Recently, the bank joined hands with Intelspire Co., Ltd., a Thai startup and developer of the Timemint Application, a digital platform used for people...

TMB Appoints New Chief Retail Banking Officer (CRBO)

TMB has appointed Mrs. Marie Ramlie as Chief Retail Banking Officer, effective from August 1, 2019. Marie succeeds Roel Huisman who has completed his tenure with TMB on July 31, 2019. Marie has joined TMB as Head of Retail Products since 2013. She was...

Bankruptcy Court dismisses rehab petition against GL, removes automatic stay, and finds GL is not insolvent

The Central Bankruptcy Court has dismissed the rehabilitation petition submitted by JTA against GL as the Court ruled that GL is not insolvent and that JTA's claims have not proven to be true Previously, on August 15, the Central Bankruptcy Court for the...

Related Topics