What was the aggregate issue price for The Standardx's 2029 Notes?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
ance on the 2023 Fixed Rate Notes, as described below.
- In 2024, we issued an aggregate $600 million of 5.250% senior notes due 2029 at an aggregate issue price of 99.693% (the "2029 Notes"), $450 million of 5.375% senior notes due 2031 at an issue price of 99.745% (the "2031 Notes"), and $350 million of 5.500% senior notes du
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, in 2024, The Standardx issued $600 million of 5.250% senior notes due in 2029. These notes were issued at an aggregate issue price of 99.693%. This means that the actual amount The Standardx received from issuing these notes was slightly less than the face value of $600 million.
In practical terms, for every $1,000 of these 2029 Notes, The Standardx received $996.93. The difference between the face value and the issue price represents a discount. This discount is a form of interest expense for The Standardx, amortized over the life of the notes. The aggregate issue price is the total amount The Standardx received for all of the 2029 Notes.
For a prospective franchisee, this information provides insight into The Standardx's financing activities and how it manages its debt. Understanding the terms and conditions of The Standardx's debt can help a franchisee assess the financial stability and risk profile of the company. While this specific detail may not directly impact day-to-day franchise operations, it contributes to the overall picture of The Standardx's financial health.