Jimmy John's funding receives KBRA ratings as 2026 notes refinance earlier debt

Traders Union
All News
Business & Wealth
Jimmy John's 2026 notes refinance

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Ashutosh Sureka

20.07.2026

Jimmy John's funding receives KBRA ratings as 2026 notes refinance earlier debt — Jimmy John's debt reshaped

Jimmy John's funding vehicle is moving ahead with a new whole business securitization that reshapes part of its outstanding debt stack. The transaction includes new Series 2026-1 and Series 2026-2 senior secured notes, while some earlier notes are being repaid and other outstanding ratings are being affirmed.

Highlights

KBRA assigns ratings to Jimmy John's Funding, LLC Series 2026-1 Class A-1 VFN and Class A-2 Notes, and Series 2026-2 Class A-1 VFN under a whole business securitization.
Proceeds from the Series 2026-1 and 2026-2 Notes refinance outstanding Series 2017-1 Class A-2-II, Series 2022-1 Class A-1, and Series 2022-1 Class A-2-I Notes, with related ratings being withdrawn.
KBRA affirms ratings on Series 2022-1 Class A-2-II and Series 2022-1 Class A-2-III Notes, reflecting maintained support within Jimmy John's capital structure.

2026 note issuance and rating actions

As reported by Kroll Bond Rating Agency, KBRA assigns ratings to Jimmy John's Funding, LLC Series 2026-1 Class A-1 VFN and Class A-2 Notes, as well as the Series 2026-2 Class A-1 VFN, in a whole business securitization structure.

KBRA says its analysis shows that existing credit enhancement for the notes and related cash flows is sufficient to support the ratings after the issuance of the Series 2026-1 and 2026-2 Notes. In connection with the new issuance, the Series 2017-1 Class A-2-II, Series 2022-1 Class A-1, and Series 2022-1 Class A-2-I Notes are being repaid, and the related ratings are being withdrawn.

At the same time, KBRA is affirming the ratings on the Series 2022-1 Class A-2-II and Series 2022-1 Class A-2-III Notes, indicating continued support for those remaining classes within the capital structure.

British Land’s investment-grade ratings were affirmed with a Stable Outlook, reflecting solid rental growth in prime London offices and steady income from retail parks. Our earlier coverage noted that the company’s development pipeline and capital spending plans are expected to be largely funded through disposals and joint-venture monetisation, helping keep leverage in check.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

Bitcoin mining is getting greener, but the debate isn't over

By Anastasiia Chabaniuk
16 hours ago

Bitcoin mining is getting greener, but the debate isn't over

Editors' Picks

Asia's largest IPO: How CXMT became China's most valuable company

By Mikhail Vnuchkov
20 hours ago

Asia's largest IPO: How CXMT became China's most valuable company

Editors' Picks

Global fintech in 2026: Three trends that matter

By Pavlo Kot
Yesterday

Global fintech in 2026: Three trends that matter

Editors' Picks

All Editors' Top Picks

Latest Company News News

Santander UK mortgage covered bonds keep AAA rating after Fitch review

By Dan Blystone
6 hours ago

Santander UK mortgage covered bonds keep AAA rating after Fitch review

Financial News

#Finance #Fitch Ratings #Company News

Big Tech credit risk gauges climb as AI investment costs surge

By Dan Blystone
7 hours ago

Big Tech credit risk gauges climb as AI investment costs surge

Financial News

#Debt #AI #Company News

AM Best puts Safety Insurance Group ratings under review after Mapfre merger agreement

By Dan Blystone
8 hours ago

AM Best puts Safety Insurance Group ratings under review after Mapfre merger agreement

Financial News

#Business #AM Best #Company News

All Company News News

Anastasiia Chabaniuk
16 hours ago

Bitcoin mining is getting greener, but the debate isn't over

Mikhail Vnuchkov
20 hours ago

Asia's largest IPO: How CXMT became China's most valuable company

Pavlo Kot
Yesterday

Global fintech in 2026: Three trends that matter

Pavlo Kot
25.07.2026

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

Andrey Mastykin
25.07.2026

Hunting crypto owners: Why criminals have gone offline

Elena Nikulina
6 min ago

Vlad Tenev: Robinhood Ventures Fund II roadshow set for August 3

Andrey Mastykin
21 min ago

Nick Sortor: Portfolio made up of SpaceX and Tesla shares

Jose Antonio Gastelum
36 min ago

Government action needed on blockchain and stock taxation, Pushpendra Singh notes

Ashutosh Sureka
46 min ago

Wealth is not a fixed pie, Michael Shermer argues

Eugene Komchuk
56 min ago

Dollar uptrend and new chart breakouts observed, Lia Holmgren notes

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Olga Shendetskaya
16 hours ago

Treasury yields ease as investors turn to the Fed

Treasury yields ease as investors turn to the Fed

Hanna Syniavska
18 hours ago

U.S. stock futures rally as oil prices retreat

U.S. stock futures rally as oil prices retreat

Olga Shendetskaya
19 hours ago

CME Group launches futures on 55 major U.S. stocks

CME Group launches futures on 55 major U.S. stocks

Ivan Andriyenko
21 hours ago

Nvidia considers $250 billion support for OpenAI project

Nvidia considers $250 billion support for OpenAI project

Hanna Syniavska
22 hours ago

Brent falls below $90 as Middle East tensions ease

Brent falls below $90 as Middle East tensions ease

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Alphabet remains under pressure as AI investment concerns overshadow strong cloud growth

Anton Kharitonov
Now

Microsoft faces key earnings test as AI investment debate intensifies

Anton Kharitonov
Now

Apple approaches earnings as resilient momentum keeps shares near record highs

Mykhailo Ihnatenko
Now

Snowflake keeps bullish momentum intact above $270

Mykhailo Ihnatenko
Now

AMD stock seeks $565 as UBS lifts price target to $730

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.