Jack in the Box Inc. (NASDAQ: JACK) announced on October 17, 2025 that it has entered into a definitive agreement to sell Del Taco Holdings Inc., a wholly‑owned subsidiary that operates and franchises more than 550 restaurants, to Yadav Enterprises Inc. for $115 million in cash, subject to customary closing conditions.
The sale is a key component of the company’s “Jack on Track” plan, which aims to simplify the business model and strengthen the balance sheet. Proceeds from the transaction will be used to retire debt within the company’s securitization structure, specifically to repay part of the Series 2019‑1 4.476% Fixed‑Rate Senior Secured Notes, Class A‑2‑II.
Yadav Enterprises, a franchisee that operates over 310 restaurants including Jack in the Box, Denny’s, and TGI Friday’s, will become the new owner of Del Taco. The deal is expected to close by January 2026, after which Jack in the Box will focus exclusively on its core Jack in the Box brand and continue its asset‑light strategy.
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