Wingstop Inc. Files 8-K on Material Agreements

TL;DR

Wingstop filed an 8-K on Nov 19th, reporting material definitive agreements. Check financials.

AI Summary

Wingstop Inc. filed an 8-K on November 20, 2024, reporting on a material definitive agreement and financial statements. The filing details the company's principal executive offices located at 15505 Wright Brothers Drive, Addison, Texas, 75001, with a business phone number of (972) 686-6500. The report covers events up to November 19, 2024.

Why It Matters

This 8-K filing indicates Wingstop Inc. has entered into significant agreements, which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: low — This filing is a standard disclosure of material agreements and financial information, not indicating any immediate operational or financial distress.

Key Players & Entities

• Wingstop Inc. (company) — Registrant
• 15505 Wright Brothers Drive, Addison, Texas, 75001 (location) — Principal executive offices
• November 19, 2024 (date) — Date of earliest event reported
• November 20, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share WING NASDAQ Global Select Mar
• $500 million — e Company, has agreed to issue and sell $500 million of its Series 2024-1 5.858% Fixed Rate

Filing Documents

• wing-20241119.htm (8-K) — 31KB
• wingstop2024-1xclassax2not.htm (EX-10.1) — 365KB
• 0001636222-24-000144.txt ( ) — 583KB
• wing-20241119.xsd (EX-101.SCH) — 2KB
• wing-20241119_lab.xml (EX-101.LAB) — 21KB
• wing-20241119_pre.xml (EX-101.PRE) — 12KB
• wing-20241119_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On November 19, 2024, Wingstop Inc. (the "Company") and certain of its indirect wholly owned subsidiaries, Wingstop Restaurants, Inc., a Texas corporation ("Wingstop Restaurants"), Wingstop Funding LLC, a Delaware limited liability company (the "Issuer"), Wingstop Guarantor LLC, a Delaware limited liability company ("Wingstop Guarantor"), and Wingstop Franchising LLC, a Delaware limited liability company ("Wingstop Franchisor" and, together with the Company, Wingstop Restaurants, the Issuer and Wingstop Guarantor, the "Wingstop Parties"), entered into a Purchase Agreement, dated as of November 19, 2024 (the "Purchase Agreement"), with Morgan Stanley & Co. LLC and Barclays Capital Inc. (each, an "Initial Purchaser" and collectively, the "Initial Purchasers"), pursuant to which, among other things, the Issuer, a special purpose subsidiary of the Company, has agreed to issue and sell $500 million of its Series 2024-1 5.858% Fixed Rate Senior Secured Notes, Class A-2 (the "Notes"), in a privately placed securitization transaction under an amended and restated indenture to be executed by the Issuer. Interest payments on the Notes are payable on a quarterly basis. The legal final maturity date of the Notes is in December of 2054, but, unless earlier prepaid to the extent permitted under the indenture that will govern the Notes, the anticipated repayment date of the Notes will be in December 2031. If the Issuer has not repaid or refinanced the Notes prior to the anticipated repayment date, additional interest will accrue on the Notes in an amount equal to the greater of (A) 5.00% per annum and (B) a per annum interest rate equal to the excess, if any, by which the sum of the following exceeds the original interest rate of the Notes (i) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on such anticipated repayment date of the United States Treasury Security having a term closest to 10 years, plus

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 10.1 Purchase Agreement, dated as of November 19, 2024, by and among the Company, certain indirect subsidiaries of the Company party thereto, Morgan Stanley & Co. LLC and Barclays Capital Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

Signatures

Signatures 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 thereunto duly authorized. Wingstop Inc. Date: November 20, 2024 By: /s/ Alex R. Kaleida Chief Financial Officer (Principal Financial and Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR