What were the principal repayments on debt for Del Taco in 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
In connection with the transaction, the Company repaid Del Taco's existing debt of $115.2 million related to a syndicated credit facility and Del Taco entered into a new syndicated credit facility.
Franchise acquisitions — In 2024, Del Taco purchased 10 franchise-operated restaurants for $86 thousand as part of three separate transactions, and recognized related gains of $2.7 million.
Maturities of long-term debt — Assuming repayment by the Anticipated Repayment Dates and based on the leverage ratio as of September 29, 2024, principal payments on our long-term debt outstanding at September 29, 2024 for each of the next five fiscal years and thereafter are as follows (in thousands):
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
Based on the 2025 FDD, the document does not explicitly state the exact amount of principal repayments on long-term debt for Del Taco during the fiscal year 2024. However, it does provide some context regarding debt-related activities.
The FDD mentions that in connection with the Del Taco acquisition, existing debt of $115.2 million was repaid. It also notes that Del Taco purchased 10 franchise-operated restaurants for $86 thousand in 2024. Additionally, there's a mention of maturities of long-term debt, assuming repayment by certain dates and based on the leverage ratio as of September 29, 2024, for the next five fiscal years.
To gain a clear understanding of Del Taco's principal repayments on debt for 2024, a prospective franchisee should directly ask the franchisor for this specific figure. This information is crucial for assessing the financial health and stability of the franchise, as well as understanding its debt obligations and repayment schedule.