What are the legal final maturity dates for the Class A-2 Notes related to Cinnabon's financing?

According to Cinnabon's 2025 Franchise Disclosure Document, the legal final maturity dates for the Class A-2 Notes range from 2047 through 2054. These notes are part of a senior secured financing facility. Interest and principal payments on these Class A-2 Notes are due quarterly, subject to certain financial conditions outlined in the indenture governing the Senior Notes.

If the Co-Issuers, GoTo Foods Funding LLC and Jamba Juice Funding LLC, have not repaid or refinanced the Class A-2 Notes before their anticipated repayment dates, which range from 2027 through 2031, additional interest will accrue as per the Indenture. This indicates that while the notes have a final maturity date, there are expectations for earlier repayment or refinancing, which could impact the overall cost of the debt.

For a prospective Cinnabon franchisee, this information is relevant because it provides insight into the financial structure of Cinnabon's parent company and its debt obligations. Understanding the maturity dates and potential for accruing additional interest can help franchisees assess the financial stability of the franchisor. Franchisees may want to inquire about the specific financial conditions that could trigger additional interest and how these conditions might affect the franchisor's ability to support the franchise system.