What is the amount of debt for The Standardx that matures in 2030?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
2028 at an issue price of 99.866% (the "2028 Notes").
- In 2020, we issued $450 million of 5.375% senior notes due 2025 (the "2025 Notes") and $450 million of 5.750% senior notes due 2030 (the "2030 Notes").
- In 2021, we issued $700 million of 1.300% senior notes due 2023 at an issue price of 99.941% (the "2023 Fixed Rate Notes"), $300 million of floating rate senior notes due 2023 (the "2023 Floating Rate Notes"), and $750 million of 1.800% senior notes due 2024 at
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, in 2020, The Standardx issued $450 million of 5.750% senior notes due in 2030. These notes are referred to as the "2030 Notes."
Additionally, during the year ended December 31, 2022, The Standardx repurchased $10 million of principal on the 2030 Notes in the open market. This indicates that The Standardx may actively manage its debt through repurchasing notes before their maturity date.
Therefore, while the initial issuance was $450 million, the actual amount of debt maturing in 2030 may be less due to these repurchases. A prospective franchisee should inquire about the current outstanding balance of the 2030 Notes to get a precise figure.