factual

What specific assets did Bojangles obtain from Bojangles' International, LLC (BIL) through the Securitization Transaction?

Bojangles Franchise · 2025 FDD

Answer from 2025 FDD Document

On or about October 6, 2020 (the "Closing Date"), Bojangles', Inc. and various of its direct and indirect subsidiaries, including BRI and BIL, closed a securitization transaction involving the Bojangles brand (the "Securitization Transaction"). As part of the Securitization Transaction, BRI, BIL, and certain other subsidiaries of Walker Parent contributed certain of their assets, real and personal property and equipment and related leases and subleases, notes and indebtedness of franchisees, and the business and related agreements concerning sourcing and sales of goods and services, to us. As part of the Securitization Transaction, all existing U.S. Franchise Agreements, Development Agreements, and related agreements for Restaurants were transferred to us, and we became the franchisor of all existing and future domestic Development Agreements, Franchise Agreements and other related agreements. Ownership and control of all U.S. trademarks and certain intellectual property relating to the operation of Restaurants in the U.S. were also transferred to us. All of the assets, including intellectual property, necessary to make the offering described in this disclosure document were conveyed to us.

Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–11)

What This Means (2025 FDD)

According to Bojangles' 2025 Franchise Disclosure Document, as part of the Securitization Transaction that closed on October 6, 2020, Bojangles' International, LLC (BIL) contributed specific assets to Bojangles. These assets included real and personal property, equipment, related leases and subleases, notes and indebtedness of franchisees, and the business and related agreements concerning sourcing and sales of goods and services.

Additionally, all existing U.S. Franchise Agreements, Development Agreements, and related agreements for Restaurants were transferred to Bojangles. This transfer made Bojangles the franchisor for all existing and future domestic Development Agreements, Franchise Agreements, and other related agreements.

Furthermore, ownership and control of all U.S. trademarks and certain intellectual property related to the operation of Restaurants in the U.S. were also transferred to Bojangles. This consolidation of assets, including intellectual property, was necessary for Bojangles to make the franchise offering described in the disclosure document.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.