DEBT (Tables)

6 Months Ended

Jun. 26, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following (in millions):

	June 26, 2022								December 26, 2021
	Final Maturity	Anticipated Call Date	Rate		Face Value		Book Value		Book Value
Senior Debt
2021 FB Royalty Securitization	4/25/2051	7/25/2023	4.75	%	$	97.1	$	95.6	$	95.4
2021 GFG Royalty Securitization	7/25/2051	7/25/2023	6.00	%	209.0		205.9		205.6
2021 Twin Peaks Securitization	7/25/2051	7/25/2023	7.00	%	150.0		147.2		146.8
2021 Fazoli's/Native Securitization	7/25/2051	7/25/2023	6.00	%	128.8		123.8		122.8
Senior Subordinated Debt
2021 FB Royalty Securitization	4/25/2051	7/25/2023	8.00	%	32.4		31.9		31.8
2021 GFG Royalty Securitization	7/25/2051	7/25/2023	7.00	%	84.0		81.8		81.5
2021 Twin Peaks Securitization	7/25/2051	7/25/2023	9.00	%	50.0		47.0		46.6
2021 Fazoli's/Native Securitization	7/25/2051	7/25/2023	7.00	%	25.0		23.1		22.7
Subordinated Debt
2021 FB Royalty Securitization	4/25/2051	7/25/2023	9.00	%	15.0		14.2		14.1
2021 GFG Royalty Securitization	7/25/2051	7/25/2023	9.50	%	57.0		53.1		52.6
2021 Twin Peaks Securitization	7/25/2051	7/25/2023	10.00	%	50.0		44.9		44.2
2021 Fazoli's/Native Securitization	7/25/2051	7/25/2023	9.00	%	40.0		36.0		35.1
Total Securitized Debt					938.3		904.5		899.3
Elevation Note	7/19/2026	N/A	6.00	%	6.5		4.3		5.6
Equipment Notes	5/5/2027 to 3/7/2029	N/A	7.99% to 8.49%		0.7		0.7		—
Total debt					945.5		909.5		904.9
Current portion of long-term debt					—		(0.9)		(0.6)
Long-term debt					$	945.5	$	908.6	$	904.3

On July 6, 2022, FB Royalty issued an additional $76.5 million aggregate principal amount of three tranches of fixed rate senior secured notes as follows:

Closing Date	Class	Seniority	Principal Balance	Coupon	Final Legal Maturity Date
7/6/2022	A-2	Senior	$42.7	4.75%	7/25/2051
7/6/2022	B-2	Senior Subordinated	$14.2	8.00%	7/25/2051
7/6/2022	M-2	Subordinated	$19.6	9.00%	7/25/2051