03:39 AM EDT, 09/10/2025 (MT Newswires) -- Yum Brands ( YUM ) said Tuesday its Taco Bell Funding unit has agreed to issue and sell $1 billion worth of 4.821% fixed-rate senior secured notes due 2055 and $500 million worth of 5.049% fixed-rate senior secured notes due 2055 in a private placement.

Proceeds of the notes will be used for debt repayment and general corporate purposes, the company said.

The sale is expected to close on Sept. 24.