What was the maturity year for The Standardx's 2013 Notes?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
ding Senior Notes, by year of issuance, is as follows:
- In 2013, we issued $350 million of 3.375% 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, the $350 million senior notes issued in 2013, bearing an interest rate of 3.375%, were due in 2023. These notes, referred to as the "2023 Notes," were issued at 99.498% of their principal amount.
This information is relevant for prospective franchisees as it provides insight into The Standardx's debt management and financial obligations. Understanding the company's debt structure, including maturity dates and interest rates, can help franchisees assess the financial stability and long-term viability of The Standardx.
The FDD also mentions other senior notes issued in different years with varying interest rates and maturity dates. For example, in 2016, The Standardx issued $400 million in notes due in 2026, and in 2018, another $400 million in notes due in 2028. Keeping track of these different issuances and their terms is crucial for a comprehensive understanding of The Standardx's financial health.