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Domino's Pizza® Announces Refinancing Transaction

1. Domino's plans to refinance $1 billion in securitized notes. 2. The refinancing targets retiring $1.14 billion in existing debt. 3. Total new variable funding note facility will reach $320 million. 4. Refinancing subject to market conditions, closing expected third quarter 2025. 5. Past refinancing indicated high debt levels can impact financial performance.

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Why Neutral?

While managing debt reduces financial burden, it also increases overall indebtedness. Historical context shows refinancing often leads to concerns about sustainability, affecting investor sentiment.

How important is it?

The refinancing reflects a push towards better debt management, crucial for maintaining operational efficiency. However, increased debt levels could lead to future financial challenges, warranting careful observation.

Why Long Term?

Long-term implications arise from increased debt levels, which could affect future cash flows. Historical cases demonstrate that increased leverage can lead to financial strain.

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DBQSRYUM
, /PRNewswire/ -- Domino's Pizza, Inc. (NASDAQ: DPZ), the largest pizza company in the world, today announced that certain of its subsidiaries intend to complete a refinancing transaction of a portion of their outstanding securitization debt with a new series of securitized debt. The Company also expects these subsidiaries to enter into a new variable funding note facility. The Company's subsidiaries intend to issue $1.0 billion of new securitized notes (the "2025 Notes") and to use the proceeds, together with approximately $150 million of cash on hand, to prepay and retire in full $742.0 million in aggregate principal amount of the Company's 2015-1 Fixed Rate Senior Secured Notes, Class A-2-II at par, to prepay and retire in full $402.7 million in aggregate principal amount of the Company's 2018-1 Fixed Rate Senior Secured Notes, Class A-2-I at par, to prepay and retire in full any outstanding principal amount of the Company's 2021-1 Variable Funding Notes, Class A-1 at par, to prepay and retire in full any outstanding principal amount of the Company's 2022-1 Variable Funding Notes, Class A-1 at par and to pay transaction fees and expenses. The Company expects that these subsidiaries will also enter into a new $320 million variable funding note facility, which will replace the existing $200 million 2021-1 Variable Funding Notes, Class A-1 and $120 million 2022-1 Variable Funding Notes, Class A-1. As of June 15, 2025, there was approximately $56.4 million of outstanding letters of credit and no outstanding borrowings under the existing variable funding note facilities. The consummation of the note offering is subject to market and other conditions and is anticipated to close in the third quarter of 2025. However, there can be no assurance that the Company will be able to successfully complete the refinancing transaction on the terms described, or at all. This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2025 Notes, the variable funding notes or any other security. 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. About Domino's Pizza®  Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 21,500 stores in over 90 markets. Domino's had global retail sales of over $19.4 billion in the trailing four quarters ended June 15, 2025. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the second quarter of 2025. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2024 via digital channels and has developed many innovative ordering platforms. Order – dominos.comCompany Info – biz.dominos.comMedia Assets – media.dominos.com Please visit our Investor Relations website at ir.dominos.com to view news, announcements, earnings releases, investor presentations and conference webcasts. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") that are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. The following cautionary statements are being made pursuant to the provisions of the Act and with the intention of obtaining the benefits of the "safe harbor" provisions of the Act. You can identify forward-looking statements by the use of words such as "anticipates," "believes," "could," "should," "estimates," "expects," "intends," "may," "will," "plans," "predicts," "projects," "seeks," "approximately," "potential," "outlook" and similar terms and phrases that concern our strategy, plans or intentions, including references to assumptions. These forward-looking statements address various matters including the Company's planned refinancing transactions. While we believe these expectations and projections are based on reasonable assumptions, such forward-looking statements are inherently subject to risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from our expectations are more fully described in our filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our Annual Report on Form 10-K. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of various factors, including but not limited to: our substantial increased indebtedness as a result of our refinancing transactions and our ability to incur additional indebtedness or refinance or renegotiate key terms of that indebtedness in the future, our future financial performance and our ability to pay principal and interest on our indebtedness. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. All forward-looking statements speak only as of the date of this press release and should be evaluated with an understanding of their inherent uncertainty. Except as required under federal securities laws and the rules and regulations of the Securities and Exchange Commission, or other applicable law, we do not undertake, and specifically disclaim, any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events or otherwise. You are cautioned not to place considerable reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, us. All forward-looking statements attributable to us are expressly qualified by these cautionary statements. SOURCE Domino's Pizza, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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