
Jack in the Box Inc. (NASDAQ:JACK) (the &#34;Company&#34;) today announced that one of its indirect, limited-purpose subsidiaries (the &#34;Master Issuer&#34;) has completed the sale of $500 million of its Series

<p xmlns="http://www.w3.org/1999/xhtml">
Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/JACK">JACK</a>) (the "Company") today announced that one of its indirect, limited-purpose subsidiaries (the "Master Issuer") has completed the sale of $500 million of its Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2 (the "2026 Notes").

</p><p xmlns="http://www.w3.org/1999/xhtml">
The net proceeds of the sale of the 2026 Notes are expected to be used to (i) repay in full the Company’s existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II and (ii) repay a portion of the Series 2022-1 3.445% Fixed Rate Senior Secured Notes, Class A-2-I.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The successful completion of this refinancing demonstrates our commitment to maintaining a strong balance sheet and reducing debt as part of our ‘JACK on Track’ plan," said Mark King, Executive Chairman and Interim Chief Executive Officer of Jack in the Box Inc. "We are pleased to have cleared our near-term maturities, with our next anticipated repayment date in 2029, supporting our focus on sustainable value creation."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Master Issuer also entered into a purchase agreement under which it will issue up to $150 million of its Series 2026-1 Variable Funding Senior Secured Notes, Class A-1 (the "Class A-1 Notes"), which will allow the Master Issuer to borrow amounts from time to time on a revolving basis. The Class A-1 Notes will replace the Company’s existing $150 million Series 2022-1 Variable Funding Senior Secured Notes, Class A-1.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2026 Notes or any other security. The 2026 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Jack in the Box Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/JACK">JACK</a>), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box&#xAE;, one of the nation&#39;s largest hamburger chains with approximately 2,128 restaurants across 24 states, Guam and Mexico. For more information, including franchising opportunities, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.jackinthebox.com&amp;esheet=54559131&amp;newsitemid=20260623698464&amp;lan=en-US&amp;anchor=www.jackinthebox.com&amp;index=1&amp;md5=d55029a355160fe8e6c5436db849e002" shape="rect">www.jackinthebox.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Safe Harbor Statement</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "forecast," "goals," "guidance," "intend," "plan," "project," "may," "will," "would" and similar expressions. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company’s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company&#39;s brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; stock market volatility. These and other factors are discussed in the Company’s annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission, which are available online at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Finvestors.jackinthebox.com&amp;esheet=54559131&amp;newsitemid=20260623698464&amp;lan=en-US&amp;anchor=http%3A%2F%2Finvestors.jackinthebox.com&amp;index=2&amp;md5=92f43f4ede66fe44aa71b2a75c4cc843" shape="rect">http://investors.jackinthebox.com</a> or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260623698464r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260623698464/en/" rel="nofollow">https://www.businesswire.com/news/home/20260623698464/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Rachel Webb
<br xmlns="http://www.w3.org/1999/xhtml"></br>858-522-4556
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:rachel.webb@jackinthebox.com" shape="rect">rachel.webb@jackinthebox.com</a>

</p>

JACK

Jack in the Box Inc. Completes $500 Million Securitized Financing Facility

Jack in the Box refinances debt with $500M notes, extending maturities

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Jack in the Box Inc. (NASDAQ:JACK) (the &amp;#34;Company&amp;#34;) today announced that one of its indirect, limited-purpose subsidiaries (the &amp;#34;Master Issuer&amp;#34;) has completed the sale of $500 million of its Series</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Jack in the Box announced its Master Issuer completed a $500 million sale of Series 2026-1 notes to refinance existing debt, including full repayment of the 2019-1 notes and a portion of the 2022-1 notes. The Master Issuer will also issue up to $150 million of revolving Class A-1 notes to replace the prior facility. Management frames this as strengthening the balance sheet, clearing near-term maturities through 2029 under the JACK on Track plan, though higher coupons may impact long-term interest expense.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>JACK&#039;s Master Issuer sells $500M Series 2026-1 notes at 7.624%.</li><li>Proceeds repay 2019-1 Class A-2-II and part of 2022-1 Class A-2-I.</li><li>Master Issuer will issue up to $150M Class A-1 revolving notes.</li><li>Next repayment due 2029; refinancing strengthens balance sheet under JACK on Track.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Jack in the Box Inc. (JACK)</strong>: Refinancing reduces near-term debt maturities; may impact leverage and cash interest.</li><li><strong>Master Issuer (indirect subsidiary of JACK) (N/A)</strong>: Facilitates issuance of Series 2026-1 notes; central to debt refinancing plan.</li><li><strong>Series 2026-1 Notes, Class A-2 (N/A)</strong>: New fixed-rate secured notes used to refinance older debt.</li><li><strong>Series 2026-1 Class A-1 Notes (N/A)</strong>: Revolving facility intended to replace Series 2022-1 Class A-1.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments; fits as a debt refinancing move affecting capital structure and liquidity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>7.624% coupon on new notes may increase interest expense vs prior debt.</li><li>Near-term maturities cleared; next repayment date in 2029 reduces rollover risk.</li><li>Revolving facility up to $150M improves liquidity flexibility.</li><li>Notes are not registered under the Securities Act; limited immediate equity impact.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$500 million Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2 sold.</li><li>Proceeds repay Series 2019-1 Class A-2-II and portion of Series 2022-1 Class A-2-I.</li><li>Next anticipated repayment date: 2029.</li><li>Master Issuer to issue up to $150 million Series 2026-1 Class A-1 revolving notes.</li><li>Class A-1 notes will replace Series 2022-1 Class A-1; not registered under the Securities Act.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Debt refinancing reduces near-term rollover risk; expect neutral-to-bullish price action within weeks.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/JACK">JACK</a>) (the "Company") today announced that one of its indirect, limited-purpose subsidiaries (the "Master Issuer") has completed the sale of $500 million of its Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2 (the "2026 Notes").

</p><p xmlns="http://www.w3.org/1999/xhtml">
The net proceeds of the sale of the 2026 Notes are expected to be used to (i) repay in full the Company’s existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II and (ii) repay a portion of the Series 2022-1 3.445% Fixed Rate Senior Secured Notes, Class A-2-I.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The successful completion of this refinancing demonstrates our commitment to maintaining a strong balance sheet and reducing debt as part of our ‘JACK on Track’ plan," said Mark King, Executive Chairman and Interim Chief Executive Officer of Jack in the Box Inc. "We are pleased to have cleared our near-term maturities, with our next anticipated repayment date in 2029, supporting our focus on sustainable value creation."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Master Issuer also entered into a purchase agreement under which it will issue up to $150 million of its Series 2026-1 Variable Funding Senior Secured Notes, Class A-1 (the "Class A-1 Notes"), which will allow the Master Issuer to borrow amounts from time to time on a revolving basis. The Class A-1 Notes will replace the Company’s existing $150 million Series 2022-1 Variable Funding Senior Secured Notes, Class A-1.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2026 Notes or any other security. The 2026 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Jack in the Box Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/JACK">JACK</a>), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box&#xAE;, one of the nation&#39;s largest hamburger chains with approximately 2,128 restaurants across 24 states, Guam and Mexico. For more information, including franchising opportunities, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.jackinthebox.com&amp;esheet=54559131&amp;newsitemid=20260623698464&amp;lan=en-US&amp;anchor=www.jackinthebox.com&amp;index=1&amp;md5=d55029a355160fe8e6c5436db849e002" shape="rect">www.jackinthebox.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Safe Harbor Statement</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "forecast," "goals," "guidance," "intend," "plan," "project," "may," "will," "would" and similar expressions. These statements are based on management’s current expectations, estimates, forecasts and projections about our business and the industry in which we operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company’s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, risks relating to expansion into new markets and successful franchise development; the ability to attract, train and retain top-performing personnel, litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or negative publicity impacting the reputation of the Company&#39;s brand; increased regulatory and legal complexities, risks associated with the amount and terms of the securitized debt issued by certain of our wholly owned subsidiaries; stock market volatility. These and other factors are discussed in the Company’s annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission, which are available online at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Finvestors.jackinthebox.com&amp;esheet=54559131&amp;newsitemid=20260623698464&amp;lan=en-US&amp;anchor=http%3A%2F%2Finvestors.jackinthebox.com&amp;index=2&amp;md5=92f43f4ede66fe44aa71b2a75c4cc843" shape="rect">http://investors.jackinthebox.com</a> or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260623698464r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260623698464/en/" rel="nofollow">https://www.businesswire.com/news/home/20260623698464/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Rachel Webb
<br xmlns="http://www.w3.org/1999/xhtml"></br>858-522-4556
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:rachel.webb@jackinthebox.com" shape="rect">rachel.webb@jackinthebox.com</a>

</p>

Jack in the Box announced its Master Issuer completed a $500 million sale of Series 2026-1 notes to refinance existing debt, including full repayment of the 2019-1 notes and a portion of the 2022-1 notes. The Master Issuer will also issue up to $150 million of revolving Class A-1 notes to replace the prior facility. Management frames this as strengthening the balance sheet, clearing near-term maturities through 2029 under the JACK on Track plan, though higher coupons may impact long-term interest expense.

Jack in the Box Inc. Completes $500 Million Securitized Financing Facility

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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