What is the amount of debt for The Standardx that matures in 2029?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
or the next five years and thereafter are as follows:
| 2025 | $ 454 |
|---|---|
| 2026 | 405 |
| 2027 | 605 |
| 2028 | 405 |
| 2029 | 651 |
| Thereafter | 1,285 |
| Total maturities of debt (1) | $ 3,805 |
(1) Excludes $4 million of finance lease obligations and $27 million of unamortized discounts and deferred financing fees.
Senior Notes—Interest on the outstanding Senior Notes is payable semi-annually. We may redeem some or all of the Senior Notes at any time prior to their maturity at a redemption price equal to 100% of the principal amount of the Senior Notes
redeemed plus accrued and unpaid interest, if any, to the date of redemption plus a make-whole amount, if any.
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the maturities of debt for 2029 is $651. This figure is part of a larger table outlining the maturities of debt for the next five years and beyond. The total maturities of debt amount to $3,805.
It's important to note that this figure excludes $4 million of finance lease obligations and $27 million of unamortized discounts and deferred financing fees. These exclusions suggest that the actual debt obligations of The Standardx could be higher than the stated amount.
Additionally, The Standardx issued $600 million of 5.250% senior notes due in 2029 at an aggregate issue price of 99.693% in 2024. This indicates that The Standardx has significant debt obligations extending into the future. A prospective franchisee should consider the implications of The Standardx's debt on its financial stability and ability to support its franchisees.