What was the amount of the 2028 Notes issued by The Standardx?

According to The Standardx's 2025 Franchise Disclosure Document, in 2018, The Standardx issued $400 million of 4.375% senior notes due in 2028. These notes were issued at a price of 99.866% and are referred to as the "2028 Notes." This indicates the principal amount of the notes that The Standardx offered to investors at that time.

The notes are subject to certain redemption conditions. The Standardx may redeem some or all of the Senior Notes before their maturity date. The redemption price would be 100% of the principal amount of the notes being redeemed, plus any accrued and unpaid interest up to the redemption date. There may also be an additional "make-whole" amount, which depends on the yield of U.S. Treasury securities with a comparable maturity to the Senior Notes at the time of redemption.

For a prospective franchisee, understanding the debt structure of The Standardx can provide insight into the financial stability and obligations of the company. The ability of The Standardx to manage and repay its debts, like these senior notes, could impact its capacity to support franchisees and invest in the brand's growth. It is important to note that the repayment of the 2028 Notes could affect the financial resources available to The Standardx in the future.