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00:02Jack in the Box shares rose nearly 9% in Tuesday pre-market trading after gaining 20.20% in
00:10the
00:10previous session, extending a rally tied to the company's $500 million securitized financing
00:16transaction. Jack in the Box said an indirect subsidiary completed the sale of $500 million
00:22of fixed-rate senior secured notes. The company expects to use the proceeds to repay outstanding
00:28series 2019-1 Notes and part of its series 2022-1 Notes. The refinancing pushes a large portion
00:37of near-term debt maturities to 2029, reducing refinancing pressure and improving financial
00:43flexibility. The rally also gained support from Jack in the Box addition to the Russell Microcap Index
00:49and short covering tied to high short interest. Shares were up by 8.58% at $18.02 during pre
00:57-market
00:58trading on Tuesday, according to Benzinga Pro Data. For all things money, visit Benzinga.com.
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