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Driven Brands Raises $500 Million Through New Debt Offering to Refinance Existing Notes

BY MT Newswires | CORPORATE | 10/21/25 08:52 AM EDT

08:52 AM EDT, 10/21/2025 (MT Newswires) -- Driven Brands (DRVN) said Tuesday that it has completed a $500 million debt offering through certain subsidiaries.

The company said the series 2025-1 fixed rate senior secured notes, maturing in 2055 with an expected repayment in 2030, were priced with a coupon of 5.296%.

The proceeds will be used alongside its credit facility to refinance older debt, specifically the series 2019-1 and 2022-1 class A-2 notes, and to cover fees and general corporate purposes, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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