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Subsequent Events
9 Months Ended
Sep. 24, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On October 5, 2022, Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (together, the “Co-Issuers”), each wholly-owned subsidiaries of the Company, issued $365 million of 2022-1 Class A-2 Securitization Senior Notes, bearing a fixed interest rate of 7.393% per annum, a final legal maturity date of October 20, 2052, and an anticipated repayment date of October 20, 2027 (the “2022-1 Class A-2 Senior Notes”). The proceeds from the issuance of the 2022-1 Class A-2 Senior Notes were used for general corporate purposes, including the repayment of the revolving credit facilities creating capacity to invest in continued growth. In conjunction with the issuance of the 2022-1 Class A-2 Senior Notes, the Co-Issuers also issued up to $135 million of 2022-1 Class A-1 Securitization Senior Notes (the “2022-1 Class A-1 Senior Notes” and together with the 2022-1 Class A-2 Senior Notes, the “2022-1 Senior Notes”).

From September 25, 2022 through November 4, 2022, the Company acquired four car wash sites for approximately $38 million. The initial accounting for these acquisitions is incomplete as the valuation of the assets acquired and liabilities assumed and residual goodwill has not yet been performed.