bigqert.blogg.se - European wax centwr

#EUROPEAN WAX CENTWR HOW TO#
#EUROPEAN WAX CENTWR UPDATE#
#EUROPEAN WAX CENTWR REGISTRATION#
#EUROPEAN WAX CENTWR PROFESSIONAL#
#EUROPEAN WAX CENTWR SERIES#

These forward-looking statements are based on management's current expectations and beliefs. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. Words including “anticipate,” “believe,” “continue,” “could” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or “would,” or, in each case, the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding the planned whole business securitization, including the size and timing thereof, and expected proceeds therefrom, and regarding the planned one-time special dividend to stockholders, which is subject to the Board’s determination as well as contractual and legal restrictions. This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

#EUROPEAN WAX CENTWR HOW TO#

For more information, including how to receive your first wax free, please visit. Its network includes 853 centers in 44 states as of December 25, 2021. Founded in 2004, European Wax Center, Inc.

Delivering a 360-degree guest experience, it also offers a collection of proprietary products to help enhance and extend waxing results. continues to revolutionize the waxing industry with their innovative Comfort Wax formulated with the highest quality ingredients to make waxing a more efficient and relatively painless experience.

#EUROPEAN WAX CENTWR PROFESSIONAL#

(NASDAQ: EWCZ) is the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States providing guests with an unparalleled, professional personal care experience administered by highly trained wax specialists within the privacy of clean, individual waxing suites.

#EUROPEAN WAX CENTWR REGISTRATION#

The Notes to be offered have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.Įuropean Wax Center, Inc. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security.

#EUROPEAN WAX CENTWR UPDATE#

The Company plans to update its financial outlook provided Maupon closing of the transactions. There can be no assurance regarding the timing of closing or that the sale of the Class A-2 Notes will be completed. The Company expects the Class A-2 Notes and the Variable Funding Notes transactions to close in April 2022, subject to satisfaction of various closing conditions. The timing and amount of any dividend, including whether to fund in part with available excess cash, remains subject to the determination of the Company’s board of directors.

to fund a one-time special dividend to stockholders.

As of December 25, 2021, the Company had an outstanding principal amount of term loans under its senior secured credit facilities of $180.0 million and

to repay all of the existing indebtedness under the existing senior secured credit facilities.

The net proceeds are expected to be used: The Company estimates that the net proceeds of the Class A-2 Notes after deducting transaction expenses and original issue discount will be approximately $374 million. As of the closing, none of the Variable Funding Notes are expected to be drawn. In addition to the Class A-2 Notes, the refinancing transaction is also expected to include a $40 million variable funding note facility (the “Variable Funding Notes”). in a privately placed securitization transaction. The Class A-2 Notes are expected to be issued by EWC Master Issuer LLC, a newly-formed, limited-purpose, bankruptcy remote indirect subsidiary of European Wax Center, Inc.

#EUROPEAN WAX CENTWR SERIES#

(NASDAQ:EWCZ) (together with its subsidiaries, the “Company”) today announced that it has priced $400 million of Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes (the “Class A-2 Notes”) with an anticipated repayment term of five years, an aggregate principal amount of $400 million and a fixed interest rate of 5.50% per annum, payable quarterly. PLANO, Texas, Ma(GLOBE NEWSWIRE) - European Wax Center, Inc.