What are the due dates for interest and other fees on the Series 2018-1 Variable Funding Notes for Hardees?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
Interest and other fees on the Series 2018-1 Variable Funding Notes are due quarterly in arrears on the 20th day of each March, June, September and December.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, interest and other fees on the Series 2018-1 Variable Funding Notes are due quarterly. These payments are made in arrears, meaning they cover the period that has already passed.
The specific due dates fall on the 20th day of March, June, September, and December each year. This schedule provides Hardees with a consistent and predictable payment cycle for these financial obligations.
As a prospective franchisee, it's important to understand Hardees's financial structure and obligations, as these can impact the overall financial health of the company. While franchisees are not directly responsible for these payments, the financial stability of the franchisor is crucial for the long-term success of the franchise system.