What is the interest rate range for Checkers' financing obligations relating to restaurant sales, which mature at various dates through October 1, 2039?

According to Checkers' 2025 Franchise Disclosure Document, the company has financing obligations relating to restaurant sales that mature at various dates through October 1, 2039. These obligations bear interest rates ranging from 3.20% to 7.06%.

For a prospective Checkers franchisee, this information is relevant if they are considering purchasing existing restaurants from Checkers and assuming the associated financing obligations. Understanding the interest rate range is crucial for assessing the cost of financing and the overall financial viability of such a transaction.

The total financing obligations for the Successor as of December 30, 2024, were $7,850 (in thousands), while for the period ending January 1, 2024, the amount was $7,923 (in thousands). After deducting current maturities, the total financing obligations were $7,783 (in thousands) and $7,846 (in thousands) respectively. This indicates the scale of existing financing arrangements that Checkers has in place related to restaurant sales.