What is the stated interest rate on The Standardx's 2026 Notes?

According to The Standardx's 2025 Franchise Disclosure Document, the company issued $400 million of 4.850% senior notes due in 2026. These notes were issued in 2016 at an issue price of 99.920% and are referred to as the "2026 Notes."

This means that The Standardx is obligated to pay interest on these notes at an annual rate of 4.850% of the principal amount. The interest is payable semi-annually. For a prospective franchisee, this information provides insight into The Standardx's financial obligations and how the company manages its debt.

It's also important to note that The Standardx has the option to redeem some or all of the Senior Notes before their maturity date. If The Standardx chooses to redeem the notes, they would need to pay 100% of the principal amount, plus any accrued and unpaid interest up to the redemption date. There may also be a "make-whole" amount due, which depends on the yield of U.S. Treasury securities with a comparable maturity to the Senior Notes at the time of redemption.