YUM Brands (NYSE: YUM) outlines intent to refinance securitization notes

Rhea-AI Filing Summary

YUM! Brands, Inc. filed a current report to disclose that on September 3, 2025, the Company issued a press release announcing its intention to refinance certain notes that were issued under its existing securitization financing facility. The filing does not provide terms or amounts, but indicates the Company is planning changes to how some of its securitized debt is financed. The press release outlining this planned refinancing is attached to the report as an exhibit and incorporated by reference.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

September 3, 2025

YUM! BRANDS, INC.

 (Exact name of registrant as specified in its charter)

Commission file number 1-13163

	North Carolina		13-3951308
	(State or other jurisdiction of		(I.R.S. Employer
	incorporation or organization)		Identification No.)
	1441 Gardiner Lane, Louisville, Kentucky		40213
	(Address of principal executive offices)		(Zip Code)
Registrant's telephone number, including area code:  (502) 874-8300
Former name or former address, if changed since last report:     N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, no par value	YUM	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

¨ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events

On September 3, 2025, YUM! Brands, Inc., a North Carolina corporation (the “Company”), issued a press release announcing its intention to refinance certain notes issued pursuant to its existing securitization financing facility. A copy of the press release is attached as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press Release regarding the Company’s intention to refinance certain notes issued pursuant to its existing securitization financing facility.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

YUM! BRANDS, INC.

(Registrant)

Date:	September 3, 2025	/s/ Ranjith Roy
		Chief Strategy Officer and Treasurer

FAQ

What did YUM (YUM Brands) disclose in this 8-K filing?

YUM! Brands, Inc. disclosed that it issued a press release announcing its intention to refinance certain notes issued under its existing securitization financing facility, and attached that release as an exhibit.

What type of financing is YUM (YUM Brands) planning to refinance?

The Company plans to refinance certain notes that were issued pursuant to its existing securitization financing facility.

When did YUM (YUM Brands) announce its refinancing intention?

On September 3, 2025, YUM! Brands, Inc. announced its intention to refinance certain notes through a press release referenced in the report.

Where can investors find more details on YUM’s planned refinancing?

More details are provided in the press release attached as Exhibit 99.1 to the report, which is incorporated by reference.

Does the YUM 8-K specify terms or amounts for the refinancing?

The report only states that YUM! Brands intends to refinance certain notes under its securitization financing facility; specific terms or amounts are contained in the attached press release, not in the main text.

Who signed the YUM (YUM Brands) refinancing-related 8-K?

The report was signed on behalf of YUM! Brands, Inc. by Ranjith Roy, Chief Strategy Officer and Treasurer.