08:52 AM EDT, 10/21/2025 (MT Newswires) -- Driven Brands ( DRVN ) said Tuesday that it has completed a $500 million debt offering through certain subsidiaries.

The company said the series 2025-1 fixed rate senior secured notes, maturing in 2055 with an expected repayment in 2030, were priced with a coupon of 5.296%.

The proceeds will be used alongside its credit facility to refinance older debt, specifically the series 2019-1 and 2022-1 class A-2 notes, and to cover fees and general corporate purposes, the company said.