Does Brightstar Care have formal repayment plans for notes receivable from affiliated companies?

According to Brightstar Care's 2025 Franchise Disclosure Document, there are no formal repayment plans in place for notes receivable from affiliated companies. The FDD states that Brightstar Care has historically provided advances to companies affiliated through common ownership. These notes are subject to voluntary prepayment at any time, either in full or partially, without any penalty. The notes are uncollateralized. A right of offset exists with the notes.

This means that Brightstar Care provides financial advances to its affiliated companies, but these advances do not have a structured repayment schedule. The affiliated companies can repay the notes at their discretion without facing penalties. The absence of a formal repayment plan introduces an element of uncertainty regarding when and how these notes will be repaid.

For a prospective Brightstar Care franchisee, this information is relevant because it provides insight into the financial relationships between Brightstar Care and its affiliated companies. While this does not directly impact the operations of a franchisee's business, it offers transparency into the financial practices of the overall Brightstar Care organization. Understanding these practices can help a franchisee assess the financial stability and management approach of the franchisor.