Welcome to our dedicated page for Yum! Brands news (Ticker: $YUM), a resource for investors and traders seeking the latest updates and insights on Yum! Brands stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Yum! Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Yum! Brands, Inc. reported first-quarter results, with worldwide system sales growing 2% and 6% unit growth. Despite a 3% same-store sales decline, core operating profit increased by 6%. Digital sales reached over $8 billion, with a record digital system sales mix of over 50%. Despite challenges, the CEO remains confident in the company's future growth.
Yum! Brands, Inc. successfully completed the refinancing of its Senior Secured Credit Facilities, totaling approximately $2.00 billion, with the issuance of a $500 million Term A Loan and a $1.50 billion Revolving Facility. The refinancing did not add any additional net new debt to the balance sheet. The Term A Loan and Revolving Facility will mature on or before April 26, 2029, and the interest rates remain unchanged from the Existing Facilities. The proceeds from the issuance will be used to repay the Existing Facilities, pay associated transaction fees and expenses, and for general corporate purposes. Yum! Brands, Inc. is a global leader in the restaurant industry, operating over 59,000 restaurants in more than 155 countries and territories under popular brands like KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill.
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