What interest rate do The Standardx's 2034 Notes carry?

According to The Standardx's 2025 Franchise Disclosure Document, in 2024, The Standardx issued $350 million of 5.500% senior notes due in 2034. These notes were issued at a price of 98.860%.

This means that The Standardx borrowed $350 million, promising to pay an annual interest rate of 5.500% on these notes until they mature in 2034. However, the notes were sold at a discount (98.860% of the face value), meaning The Standardx received slightly less than the full $350 million upfront. The actual amount received was approximately $1,380 million of net proceeds, after deducting $20 million of underwriting discounts and other offering expenses for all notes issued in 2024.

For a prospective franchisee, this information provides insight into how The Standardx manages its debt and finances its operations. Understanding the interest rates and terms of The Standardx's debt can help potential franchisees assess the financial stability and risk profile of the company. It's important to note that while this specific note carries a 5.500% interest rate, other notes issued by The Standardx have different rates and maturity dates, reflecting varying market conditions and the company's financial strategies at the time of issuance.