Pizza Hut Looks to Sell $1 Billion of Bonds to Fund Its Buyout

Pizza Hut announced plans to sell approximately $1 billion in bonds secured by its franchise agreements and related fees to finance its acquisition by private equity firm LongRange Capital LLC. The bond offering would provide funding for the leveraged buyout transaction. Pizza Hut operates more than 18,000 locations globally through its franchise model.

• Bloomberg — Pizza Hut Looks to Sell $1 Billion of Bonds to Fund Its Buyout

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