When is the remaining unpaid balance due on the term loan for Brightstar Care's Parent?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
As of December 29, 2024 and December 31, 2023, the effective interest rate on the term loan was 12.51% and 11.37%, respectively. The remaining unpaid balance is due on February 15, 2026.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the remaining unpaid balance on the Parent's term loan is due on February 15, 2026.
This information is crucial for prospective franchisees as it provides insight into the financial obligations and debt structure of Brightstar Care's parent company. Understanding the parent company's debt obligations can help franchisees assess the financial stability and long-term viability of the Brightstar Care franchise system.
Specifically, knowing the due date of the term loan allows potential franchisees to consider whether the parent company may face financial pressures or refinancing needs in the near future. This can influence decisions about investing in a Brightstar Care franchise and assessing the level of support and resources that the parent company can provide.