factual

Does the text specify if the financial statements of Checkersrallys include a schedule of long-term debt?

Checkersrallys Franchise · 2025 FDD

Answer from 2025 FDD Document

The proceeds of the Additional Second Lien Term Loans, net of original issue discount, were presented within "long-term debt, less current maturities and deferred financing costs" on the consolidated balance sheets.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)

What This Means (2025 FDD)

According to Checkersrallys's 2025 Franchise Disclosure Document, the consolidated balance sheets include "long-term debt, less current maturities and deferred financing costs." This indicates that the financial statements of Checkersrallys do present long-term debt information.

Specifically, the document mentions that the proceeds from Additional Second Lien Term Loans, net of an original issue discount, are presented within this line item on the consolidated balance sheets. This suggests that Checkersrallys tracks and reports its long-term debt obligations as part of its standard financial reporting.

For a prospective franchisee, this is important because it provides insight into the company's capital structure and how it manages its debt. Understanding the level and nature of Checkersrallys's debt can help franchisees assess the financial stability and risk profile of the franchisor. It's worth noting that while the document mentions the presentation of long-term debt, it does not explicitly state whether a detailed schedule of long-term debt is included in the financial statements. A prospective franchisee may want to confirm this with Checkersrallys.

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.