European Wax Center, Inc. Value $400 million securitized financing facility
Summary
PLANO, Texas, March 28, 2022 (Globe Newswire) European Wax Center, Inc. (NASDAQ:EWCZ) (along with its subsidiaries, the Company) announced today that it has secured a $400 million price for the 2022-1 Class Series. As of December 25, 2021, the Company had outstanding principal amounts of term loans under its senior secured credit facilities of $180.0 million; And To pay a one-time special dividend to the shareholders.The timing and amount of any dividends, including those to be partially funded with available additional cash, is subject to the determination of the companys board of directors.The Company expects Class A-2 Notes and Variable Funding Notes transactions to close in April 2022, subject to the satisfaction of various closing conditions. For more information, including how to get your first wax free, please visit:This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. in respect of his, and the income expected from him, and the lump sum special dividends employed to the shareholders, subject to the determination of the Board, as well as contractual and legal restrictions. Website at www.waxcenter.com, including the Companys Annual Report on Form 10-K for the year ended December 25, 2021.These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release.