Short answer
JACK IN THE BOX INC (JACK) filed an 8-K current report with the SEC on June 23, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). $500M Class A-2 notes issued at 7.624%, creating substantial fixed financing costs.
JACK IN THE BOX INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $500M Class A-2 notes issued at 7.624%, creating substantial fixed financing costs
- $150M revolving facility established, with expected $39M drawn and approximately $56M in letters of credit
- Proceeds primarily refinance $526.0M of prior securitized debt, with remaining funds available for corporate purposes
- Anticipated repayment in May 2031; failure to refinance triggers additional 5.00% annual interest
- Collateral includes most revenue-generating assets, while debt covenants permit rapid amortization after coverage, sales, or default triggers
Item 8.01 · Other Events
- Financing transaction completed, indicating new capital structure or liquidity arrangements
- June 23, 2026 press release contains transaction terms and financial implications
- Investors should review Exhibit 99.1 for financing amount, pricing, maturity, and use of proceeds
Item EX-99.1 · Exhibit EX-99.1
- $500M securitized refinancing completed through 7.624% fixed-rate senior secured notes
- Proceeds repay Series 2019-1 notes and partially reduce Series 2022-1 notes
- Higher coupon than refinanced 4.476% and 3.445% debt, increasing financing costs
- Up to $150M revolving Class A-1 notes replace existing $150M variable funding facility
- Near-term maturities cleared, with next anticipated repayment in 2029
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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