- Popeyes’ parent company, Restaurant Brands International, sold $750 million of high-yield debt on Friday, Bloomberg reported.
- Just like its popular chicken sandwiches, which sold out in two weeks in August, the debt offering was quickly snapped up by investors, according to the report.
- The speedy sale of the junk bonds shows how desperate investors are for yield in the current market environment.
- on Business Insider.
Popeyes sparked a fast-food frenzy when it completely sold out of its popular chicken sandwich in August after only two weeks of sales although the supply was intended to last until October.
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