Jersey Mike’s Is Selling Debt It Can Pay Down With IPO Proceeds
Sandwich chain Jersey Mike’s Subs is selling about $760 million of bonds and telling investors it reserves the right to repay about half of the principal early with proceeds from...
By Scott Carpenter · Bloomberg Markets
Sandwich chain Jersey Mike’s Subs is selling about $760 million of bonds and telling investors it reserves the right to repay about half of the principal early with proceeds from a future initial public offering, an unusual feature for the debt.