Jack in the Box to sell Del Taco to Yadav Enterprises for $115M

Jack in the Box (JACK) announced that it has entered into a definitive agreement to sell Del Taco to Yadav Enterprises for $115M in cash, subject to certain adjustments. The transaction is expected to close by January 2026. The company expects to use the net cash proceeds after taxes and transaction costs to retire debt within its securitization structure, specifically to repay part of the company’s existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II. The transaction is subject to the satisfaction or waiver of customary closing conditions. The company intends to provide guidance for fiscal year 2026 and updates to other components of the “Jack on Track” plan in connection with its earnings release on November 19.