YUM! Brands Inc. on Sept. 4 launched an offering of $600 million aggregate principal amount of senior notes due 2030.
The company said it will use the net proceeds to pay the fees and expenses of the offering and repay $250 million of its 5.30% senior notes due 2019 as well as the outstanding borrowings under its revolving credit facility.
The notes will be Yum! Brands' general unsecured senior obligations and will not be guaranteed by any of its subsidiaries.
