When was the first principal payment due for the Series 2018-1 Class A-2 Notes for Hardees?

According to Hardees's 2025 Franchise Disclosure Document, the Series 2018-1 Class A-2 Notes required scheduled quarterly principal payments of $2,500. The first principal payment was due on December 20, 2018. Interest payments for these notes are due quarterly in arrears on the 20th day of March, June, September, and December.

These notes were part of a larger refinancing transaction completed on June 20, 2018, where Hardees' indirect wholly-owned subsidiaries issued $1,000,000 in Series 2018-1 Fixed Rate Senior Secured Notes, Class A-2, and $70,000 in Series 2018-1 Class A-1 Variable Funding Senior Secured Notes.

The Series 2018-1 Class A-2 Notes were issued in three tranches with varying interest rates and anticipated repayment dates: one tranche of $400,000 with a 4.250% interest rate and an anticipated repayment date of June 2022, another of $350,000 with a 4.959% interest rate and an anticipated repayment date of June 2025, and a third of $250,000 with a 5.710% interest rate and an anticipated repayment date of June 2028. The legal final maturity date for these notes is June 2048.

It's important to note that Hardees paid down the entire outstanding principal balance of the Series 2018-1 Class A-2-I Notes in December 2020 with the issuance of Series 2020-1 Class A-2 Notes. The remaining Series 2018-1 notes continue to be outstanding. Additionally, the document mentions the issuance of Series 2021-1 Class A-2 Notes in June 2021, which, along with the remaining Series 2018-1 and Series 2020-1 notes, collectively require quarterly principal payments of $2,500.