Jack in the Box Enters $500M Note Purchase Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2026
0mins
Jack in the Box entered into a purchase agreement under which one of its indirect, special purpose subsidiaries has agreed to issue and sell $500M of its Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2. Interest payments on the 2026 Notes are payable on a quarterly basis. The anticipated repayment dates of the 2026 Notes will be May 2031, unless earlier prepaid to the extent permitted under the indenture that will govern the 2026 Notes. The 2026 Notes are expected to be issued by the Master Issuer in a privately placed securitization transaction. The net proceeds of the expected sale of the 2026 Notes are expected to be used to repay in full the Company's existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II and repay a portion of the Series 2022-1 3.445% Fixed Rate Senior Secured Notes, Class A-2-I. The Master Issuer also intends to enter into a new purchase agreement under which it will issue $150M of its Series 2026-1 Variable Funding Senior Secured Notes, Class A-1, which will allow the Master Issuer to borrow amounts from time to time on a revolving basis. The Class A-1 Notes will replace the Company's existing $150M Series 2022-1 Variable Funding Senior Secured Notes, Class A-1. The closing of the sale of the 2026 Notes is expected to occur in June, subject to satisfaction of various closing conditions. However, there can be no assurance regarding the timing of the closing or that the sale of the 2026 Notes will be completed.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy JACK?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on JACK
Wall Street analysts forecast JACK stock price to rise
15 Analyst Rating
3 Buy
11 Hold
1 Sell
Hold
Current: 11.410
Low
15.00
Averages
19.35
High
25.00
Current: 11.410
Low
15.00
Averages
19.35
High
25.00
About JACK
Jack in the Box Inc. is a restaurant company. The Company operates and franchises Jack in the Box, a hamburger chain with approximately 2,135 restaurants across 21 states. Jack in the Box restaurants offer products, including classic burgers like its Jumbo Jack and product lines, such as the Buttery Jack and Smash Jack burgers. Jack offers products, such as breakfast sandwiches with cracked eggs, as well as tacos, curly fries, egg rolls, specialty sandwiches and real ice cream shakes, among many other items. Its menu offers breakfast, lunch, dinner, snacks, and late-night. Jack in the Box allows its guests to customize meals to their tastes and order any product on the menu when they want it, including breakfast at night, or burgers and chicken in the morning.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Del Taco Launches Slow-Cooked Pork Carnitas Menu for Summer
- Menu Innovation: Del Taco has reintroduced slow-cooked Pork Carnitas and expanded its offerings with new items like the first-ever Carnitas Big Fat Taco, aimed at enhancing customer experience and meeting market demand.
- Summer Beverage Feature: To celebrate America's 250th birthday, Del Taco has launched the limited-time Independence Poppers beverage collection, combining strawberry and blue raspberry flavors to attract younger consumers and enhance brand appeal.
- Classic Dessert Return: Funnel Cake Fries are back at just $2.50, providing a nostalgic flavor experience aimed at attracting summer customers and boosting sales.
- Market Coverage: With nearly 600 restaurants across 17 states serving over three million guests weekly, Del Taco remains committed to offering fresh, quality food, thereby enhancing brand loyalty.
See More
Jack in the Box and The Hundreds Launch New Collection for 75th Anniversary
- Collaboration Series Launch: Jack in the Box and The Hundreds are set to release their second collaboration series on June 16, featuring vintage soccer-inspired jerseys and collectible hats, aimed at engaging consumers passionate about soccer culture and enhancing brand influence.
- Positive Market Response: The first series sold out within minutes of its launch, indicating strong consumer interest in the brand collaboration and suggesting robust demand for new products, which could drive sales growth.
- Cultural Connection: The series draws design inspiration from classic home and away kits, merging Jack in the Box's signature irreverence with The Hundreds' street culture perspective, targeting younger consumers and enhancing brand loyalty.
- Brand Strategy: Sheena Dougher, VP of Marketing at Jack in the Box, stated that this collaboration not only showcases the brand's cultural presence but also strengthens market positioning and brand recognition through emotional connections with consumers.
See More
Jack in the Box Plans to Issue $500M Senior Secured Notes
- Debt Restructuring Plan: Jack in the Box announced plans to issue $500 million of new senior secured notes with a fixed interest rate of 7.624%, maturing in May 2031, aimed at fully repaying its Series 2019-1 notes and partially paying down its Series 2022-1 notes, thereby optimizing the company's debt structure.
- Financing Tool Replacement: The company also plans to replace its existing $150 million variable funding facility with a new $150 million revolving Class A-1 note program, which will enhance financing flexibility and reduce interest expenses.
- Transaction Timeline: The transaction is expected to close in June 2026, subject to customary conditions, indicating a proactive approach to debt management in the company's financial planning over the coming years.
- Market Reaction: Following the announcement, Jack in the Box shares fell approximately 3.48% to around $12.91, reflecting market caution regarding the company's debt restructuring plan, which may impact investor confidence.
See More
Jack in the Box Issues 7.624% Senior Secured Notes
- Bond Issuance Plan: Jack in the Box Inc. announced a $500 million issuance of 7.624% fixed-rate senior secured notes through its indirect subsidiary, expected to close in June 2026, aimed at optimizing capital structure and reducing financing costs.
- Debt Repayment Strategy: The net proceeds from this bond issuance will be used to fully repay existing senior secured notes with rates of 4.476% and 3.445%, which is expected to improve the company's financial condition and enhance liquidity.
- Variable Funding Notes: The company also plans to issue $150 million in variable funding senior secured notes to replace existing notes, providing flexible financing options to support future operational needs.
- Market Risk Advisory: While the company maintains an optimistic outlook on the bond issuance, it also cautions that market volatility and other uncertainties may affect the timing of the bond sale completion, reflecting a prudent approach to future financial conditions.
See More
Jack in the Box to Repay $110 Million Debt Ahead of Schedule
- Debt Repayment Plan: Jack in the Box Inc. announced plans to repay $110 million of its 4.476% fixed-rate senior secured notes on June 10, 2026, ahead of the expected August 2026 date, which will reduce total debt in 2026 to $236.4 million, further optimizing its capital structure.
- Diverse Funding Sources: The repayment will be funded through a combination of cash on hand and excess funding from company-owned life insurance assets, which not only lowers the company's debt levels but also enhances financial flexibility, aiding future sustainable growth.
- Refinancing Transaction Plans: Following the repayment, certain subsidiaries intend to complete a refinancing transaction totaling $650 million aimed at replacing existing notes and covering transaction costs associated with the new financing, further solidifying the financial foundation.
- Accelerated Strategic Execution: Executive Chairman and Interim CEO Mark King stated that debt reduction remains a priority, and these actions represent an important step in strengthening Jack in the Box's financial foundation under the
See More
Del Taco Launches $1 Value Menu to Enhance Fast Food Offerings
- Value Menu Relaunch: Del Taco introduces the “Get A Lot For What You've Got” value menu featuring over 10 items starting at just $1, aiming to meet consumer demand for high-value fast food and enhance brand appeal in a competitive QSR market.
- Classic Item Revamp: The menu's highlight is the fan-favorite $1 Value Bean & Cheese Burrito, made with freshly grilled chicken and slow-cooked beans, ensuring that low prices do not compromise food quality, thereby reinforcing Del Taco's market position.
- Flexible Dining Options: The new menu offers various combinations, from $1 snacks to the $8.99 “Get A Lot Pack” with six items and a drink, catering to diverse customer needs and enhancing the dining experience.
- Exclusive Digital Deals: The introduction of the $6.99 Fresh Deal, available exclusively through digital channels, includes several popular items aimed at attracting younger consumers and boosting the brand's digital transformation and market penetration.
See More
Del Taco Launches Slow-Cooked Pork Carnitas Menu for Summer
- Menu Innovation: Del Taco has reintroduced slow-cooked Pork Carnitas and expanded its offerings with new items like the first-ever Carnitas Big Fat Taco, aimed at enhancing customer experience and meeting market demand.
- Summer Beverage Feature: To celebrate America's 250th birthday, Del Taco has launched the limited-time Independence Poppers beverage collection, combining strawberry and blue raspberry flavors to attract younger consumers and enhance brand appeal.
- Classic Dessert Return: Funnel Cake Fries are back at just $2.50, providing a nostalgic flavor experience aimed at attracting summer customers and boosting sales.
- Market Coverage: With nearly 600 restaurants across 17 states serving over three million guests weekly, Del Taco remains committed to offering fresh, quality food, thereby enhancing brand loyalty.
See More
Jack in the Box and The Hundreds Launch New Collection for 75th Anniversary
- Collaboration Series Launch: Jack in the Box and The Hundreds are set to release their second collaboration series on June 16, featuring vintage soccer-inspired jerseys and collectible hats, aimed at engaging consumers passionate about soccer culture and enhancing brand influence.
- Positive Market Response: The first series sold out within minutes of its launch, indicating strong consumer interest in the brand collaboration and suggesting robust demand for new products, which could drive sales growth.
- Cultural Connection: The series draws design inspiration from classic home and away kits, merging Jack in the Box's signature irreverence with The Hundreds' street culture perspective, targeting younger consumers and enhancing brand loyalty.
- Brand Strategy: Sheena Dougher, VP of Marketing at Jack in the Box, stated that this collaboration not only showcases the brand's cultural presence but also strengthens market positioning and brand recognition through emotional connections with consumers.
See More
Jack in the Box Plans to Issue $500M Senior Secured Notes
- Debt Restructuring Plan: Jack in the Box announced plans to issue $500 million of new senior secured notes with a fixed interest rate of 7.624%, maturing in May 2031, aimed at fully repaying its Series 2019-1 notes and partially paying down its Series 2022-1 notes, thereby optimizing the company's debt structure.
- Financing Tool Replacement: The company also plans to replace its existing $150 million variable funding facility with a new $150 million revolving Class A-1 note program, which will enhance financing flexibility and reduce interest expenses.
- Transaction Timeline: The transaction is expected to close in June 2026, subject to customary conditions, indicating a proactive approach to debt management in the company's financial planning over the coming years.
- Market Reaction: Following the announcement, Jack in the Box shares fell approximately 3.48% to around $12.91, reflecting market caution regarding the company's debt restructuring plan, which may impact investor confidence.
See More
Jack in the Box Issues 7.624% Senior Secured Notes
- Bond Issuance Plan: Jack in the Box Inc. announced a $500 million issuance of 7.624% fixed-rate senior secured notes through its indirect subsidiary, expected to close in June 2026, aimed at optimizing capital structure and reducing financing costs.
- Debt Repayment Strategy: The net proceeds from this bond issuance will be used to fully repay existing senior secured notes with rates of 4.476% and 3.445%, which is expected to improve the company's financial condition and enhance liquidity.
- Variable Funding Notes: The company also plans to issue $150 million in variable funding senior secured notes to replace existing notes, providing flexible financing options to support future operational needs.
- Market Risk Advisory: While the company maintains an optimistic outlook on the bond issuance, it also cautions that market volatility and other uncertainties may affect the timing of the bond sale completion, reflecting a prudent approach to future financial conditions.
See More
Jack in the Box to Repay $110 Million Debt Ahead of Schedule
- Debt Repayment Plan: Jack in the Box Inc. announced plans to repay $110 million of its 4.476% fixed-rate senior secured notes on June 10, 2026, ahead of the expected August 2026 date, which will reduce total debt in 2026 to $236.4 million, further optimizing its capital structure.
- Diverse Funding Sources: The repayment will be funded through a combination of cash on hand and excess funding from company-owned life insurance assets, which not only lowers the company's debt levels but also enhances financial flexibility, aiding future sustainable growth.
- Refinancing Transaction Plans: Following the repayment, certain subsidiaries intend to complete a refinancing transaction totaling $650 million aimed at replacing existing notes and covering transaction costs associated with the new financing, further solidifying the financial foundation.
- Accelerated Strategic Execution: Executive Chairman and Interim CEO Mark King stated that debt reduction remains a priority, and these actions represent an important step in strengthening Jack in the Box's financial foundation under the
See More
Del Taco Launches $1 Value Menu to Enhance Fast Food Offerings
- Value Menu Relaunch: Del Taco introduces the “Get A Lot For What You've Got” value menu featuring over 10 items starting at just $1, aiming to meet consumer demand for high-value fast food and enhance brand appeal in a competitive QSR market.
- Classic Item Revamp: The menu's highlight is the fan-favorite $1 Value Bean & Cheese Burrito, made with freshly grilled chicken and slow-cooked beans, ensuring that low prices do not compromise food quality, thereby reinforcing Del Taco's market position.
- Flexible Dining Options: The new menu offers various combinations, from $1 snacks to the $8.99 “Get A Lot Pack” with six items and a drink, catering to diverse customer needs and enhancing the dining experience.
- Exclusive Digital Deals: The introduction of the $6.99 Fresh Deal, available exclusively through digital channels, includes several popular items aimed at attracting younger consumers and boosting the brand's digital transformation and market penetration.
See More
