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Jersey Mike's Funding LLC

US$400 mil Senior secured notes

A-2

15-Aug-2055

Local Currency Preliminary LT

14-Jul-2025 18:08 EDT

BBB (sf) prelim

New

New

Fannie Mae

US$15 mil 4.80% callable nts due 07/23/2030

--

23-Jul-2030

Local Currency LT

14-Jul-2025 18:02 EDT

AA+

Stable

New

New

Fannie Mae

US$10 mil 4.35% callable nts due 07/17/2029

--

17-Jul-2029

Local Currency LT

14-Jul-2025 18:02 EDT

AA+

Stable

New

New

Deutsche Bank AG

US$0 mil 5.00% callable med-term nts ser E due 07/31/2030

--

31-Jul-2030

Foreign Currency LT

14-Jul-2025 17:57 EDT

A

New

New

Radiate Holdco LLC

US$4.511 bil 1st lien 1st out bank ln due 09/30/2029

--

30-Sep-2029

Local Currency LT

14-Jul-2025 17:54 EDT

CCC+

New

New

Radiate Holdco LLC

US$4.511 bil 1st lien 1st out bank ln due 09/30/2029

--

30-Sep-2029

Recovery Rating

14-Jul-2025 17:54 EDT

4(45%)

New

New

Radiate Holdco LLC

US$788.615 mil 1st lien 2nd out nts due 03/25/2030

--

25-Mar-2030

Recovery Rating

14-Jul-2025 17:54 EDT

6(0%)

New

New

Radiate Holdco LLC

US$788.615 mil 1st lien 2nd out nts due 03/25/2030

--

25-Mar-2030

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

New

New

Radiate Holdco LLC

US$27.273 mil 1st lien 1st out nts due 09/25/2029

--

25-Sep-2029

Recovery Rating

14-Jul-2025 17:54 EDT

4(45%)

New

New

Radiate Holdco LLC

US$27.273 mil 1st lien 1st out nts due 09/25/2029

--

25-Sep-2029

Local Currency LT

14-Jul-2025 17:54 EDT

CCC+

New

New

Radiate Finance Inc.

US$788.615 mil 1st lien 2nd out nts due 03/25/2030

--

25-Mar-2030

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

New

New

Radiate Finance Inc.

US$788.615 mil 1st lien 2nd out nts due 03/25/2030

--

25-Mar-2030

Recovery Rating

14-Jul-2025 17:54 EDT

6(0%)

New

New

Radiate Finance Inc.

US$27.273 mil 1st lien 1st out nts due 09/25/2029

--

25-Sep-2029

Local Currency LT

14-Jul-2025 17:54 EDT

CCC+

New

New

Radiate Finance Inc.

US$27.273 mil 1st lien 1st out nts due 09/25/2029

--

25-Sep-2029

Recovery Rating

14-Jul-2025 17:54 EDT

4(45%)

New

New

--

Foreign Currency LT

14-Jul-2025 17:54 EDT

CCC+

Negative

D

NM

Revised

--

Local Currency LT

14-Jul-2025 17:54 EDT

CCC+

Negative

D

NM

Revised

Radiate Holdco LLC

US$3.44 bil fltg rate term B bank ln due 09/25/2026

--

25-Sep-2026

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

D

Revised

Radiate Holdco LLC

US$3.44 bil fltg rate term B bank ln due 09/25/2026

--

25-Sep-2026

Recovery Rating

14-Jul-2025 17:54 EDT

6(0%)

3(50%)

Revised

Radiate Holdco LLC

US$3.44 bil fltg rate term B bank ln due 09/25/2026

--

25-Sep-2026

Recovery Rating

14-Jul-2025 17:54 EDT

6(0%)

3(50%)

Revised

Radiate Holdco LLC

US$3.44 bil fltg rate term B bank ln due 09/25/2026

--

25-Sep-2026

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

D

Revised

Radiate Holdco LLC

US$2.25 bil nts due 12/31/2026

--

31-Dec-2026

Recovery Rating

14-Jul-2025 17:54 EDT

6(0%)

3(50%)

Revised

Radiate Holdco LLC

US$2.25 bil nts due 12/31/2026

--

31-Dec-2026

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

D

Revised

Radiate Holdco LLC

US$2.25 bil nts due 12/31/2026

--

31-Dec-2026

Recovery Rating

14-Jul-2025 17:54 EDT

6(0%)

3(50%)

Revised

Radiate Holdco LLC

US$2.25 bil nts due 12/31/2026

--

31-Dec-2026

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

D

Revised

Radiate Holdco LLC

US$2.25 bil nts due 12/31/2026

--

31-Dec-2026

Local Currency LT

14-Jul-2025 17:54 EDT

CCC-

D

Revised

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