What was the weighted average interest rate for non-affiliates in US dollars for Petro Stopping Center in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
rted within other payables. At December 31, 2024 and 2023, all of the long-term debt was unsecured. During the year, the Company bought back $0 (2023 $0) equivalent of finance debt.
The following table shows the weighted-average interest rates achieved through a combination of borrowings and derivative financial instruments entered into to manage interest rate exposures.
| Weighted average interest rate % | Weighted average time for which rate is fixed Years | Amount $ million | Weighted average interest rate % | Amount $ million | Amount $ million |
|---|
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the weighted average interest rate for non-affiliates in US dollars during 2023 was 8%. This rate applied to an amount of $1,747 million. The weighted average time for which the rate was fixed was 13 years. The total amount for non-affiliates in US dollars was $32,589 million.
This information is relevant to prospective franchisees as it provides insight into the financial relationships and interest rates associated with non-affiliated entities dealing with Petro Stopping Center. Understanding these rates and terms can help franchisees assess the financial stability and potential investment risks associated with the franchise.
It is important to note that this data reflects past performance and may not be indicative of future interest rates or financial arrangements. Prospective franchisees should consult with financial advisors to fully understand the implications of these figures and how they might impact their investment.