On March 27, 2025, Papa John's International, Inc. announced the completion of an amended credit agreement, enhancing its financial strength and flexibility.
The agreement extends the maturity of the existing $600 million revolving credit facility for a new five-year term through 2030.
Additionally, the company secured a new $200 million senior secured term loan, also maturing in 2030, with proceeds used to pay down existing borrowings under the revolving credit facility, making the transaction leverage neutral while providing additional borrowing capacity.
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