How much Del Taco closing indebtedness was settled by Jack in the Box?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
(CONTINUED)
Purchase consideration — The following summarizes the purchase consideration paid to Del Taco shareholders (in thousands, except per share data):
| Del Taco shares outstanding as of March 8, 2022 | 36,442 |
|---|---|
| Del Taco RSAs subject to accelerated vesting | 805 |
| Del Taco RSUs subject to accelerated vesting | 70 |
| Del Taco options subject to accelerated vesting | 292 |
| Total Del Taco shares outstanding | 37,610 |
| Merger Consideration (per Del Taco share) | $ 12.51 |
| Total cash consideration paid to selling shareholders | $ 470,500 |
| Del Taco transaction costs paid by Jack in the Box (1) | 7,141 |
| Del Taco closing in |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, Jack in the Box settled $115,219,000 of Del Taco's closing indebtedness as part of the acquisition. This settlement was part of the total aggregate purchase consideration of $593,309,000. The acquisition occurred on March 8, 2022.
This means that when Jack in the Box acquired Del Taco, it took responsibility for settling this existing debt as part of the overall transaction. For a prospective franchisee, this detail provides insight into the financial restructuring that occurred during the acquisition. It demonstrates the scale of the transaction and the financial obligations Jack in the Box assumed.
It is important to note that this debt settlement was a one-time event tied to the acquisition. It does not represent an ongoing liability for Del Taco franchisees. However, understanding the financial details of the acquisition can give franchisees a better sense of the financial health and strategic direction of the Del Taco brand under Jack in the Box's ownership.