Jack In The Box Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits
$JACK
Restaurants
Consumer Discretionary
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2026
(Exact name of registrant as specified in its charter)
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(Address of principal executive offices) (Zip Code)
(858 ) 571-2121
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Not Applicable
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Item 1.01 Other Events.
On June 12, 2026, Jack in the Box Inc. (the "Company") and a wholly owned subsidiary, Jack in the Box Funding, LLC, a Delaware limited liability company (the "Master Issuer"), Jack in the Box SPV Guarantor, LLC, a Delaware limited liability company ("Jack in the Box SPV Guarantor"), Different Rules, LLC, a Delaware limited liability company ("Different Rules"), and Jack in the Box Properties, LLC, a Delaware limited liability company ("Jack in the Box Properties" and, together with the Company, the Master Issuer, Jack in the Box SPV Guarantor and Different Rules, the "Jack in the Box Parties"), entered into a Purchase Agreement (the "Purchase Agreement") with certain initial purchasers named therein (the "Initial Purchasers"), pursuant to which, among other things, the Master Issuer, a special purpose subsidiary of the Company, has agreed to issue and sell $500 million of its Series 2026-1 7.624% Fixed Rate Senior Secured Notes, Class A-2 (the "2026 Notes") in a privately placed securitization transaction under a new supplement to the base indenture, dated as of July 8, 2019 by and between the Master Issuer, as master issuer, and Citibank, N.A., as trustee and securities intermediary, as amended by the First Supplement to the Base Indenture, dated as of February 11, 2022.
Interest payments on the 2026 Notes are payable on a quarterly basis. The anticipated repayment date of the 2026 Notes will be May 2031, unless earlier prepaid to the extent permitted under the indenture that will govern the 2026 Notes. If the Master Issuer has not repaid or redeemed the 2026 Notes prior to the anticipated repayment date, additional interest will accrue on the 2026 Notes equal to the greater of (A) 5.00% per annum and (B) a per annum interest rate equal to the amount, if any, by which the sum of (i) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on the anticipated repayment date of the United States Treasury Security having a term closest to 10 years, plus (ii) 5.00%, plus (iii) 3.50%, exceeds the original interest rate with respect to the 2026 Notes.
The Purchase Agreement includes customary representations, warranties and covenants by the Jack in the Box Parties. It also provides that the Jack in the Box Parties will indemnify the Initial Purchasers against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the "Securities Act"). The closing of the sale of the 2026 Notes is anticipated to occur in June 2026 and is subject to the satisfaction of various closing conditions specified in the Purchase Agreement.
Certain of the Initial Purchasers and their respective affiliates have, from time to time, performed and may in the future perform various investment banking services for the Company for which they received or will receive customary fees and expenses.
The foregoing description of the Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, reference to the Purchase Agreement, a copy of which is attached hereto as Exhibit 10.1.
Item 8.01 Other Events.
On June 15, 2026, Jack in the Box Inc. (the "Company") issued a press release announcing its entry into the Purchase Agreement and the pricing of the 2026 Notes. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference.
In addition, the Company has issued a notice of prepayment pursuant to the indenture governing its Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II (the "Series 2019-1 Class A-2-II Notes") to prepay, subject to completion of the sale of the 2026 Notes as described in item 1.01 above, all of the outstanding Series 2019-1 Class A-2-II Notes on the closing date of the sale of the 2026 Notes. The Company has also issued a notice of prepayment pursuant to the indenture governing its Series 2022-1 3.445% Fixed Rate Senior Secured Notes, Class A-2-I (the "Series 2022-1 Class A-2-I Notes") to prepay, subject to completion of the sale of the 2026 Notes as described in item 1.01 above, a portion of the outstanding Series 2022-1 Class A-2-I Notes on the closing date of the sale of the 2026 Notes.
The Master Issuer also intends to enter into a new purchase agreement under which it will issue $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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Title | |||||||
| 10.1 | ||||||||
| 99.1 | ||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| JACK IN THE BOX INC. | |||||||||||
| June 15, 2026 | /s/ Dawn Hooper | ||||||||||
| Dawn Hooper | |||||||||||
| EVP, Chief Financial Officer | |||||||||||