Arby's is returning to the securitization market with seven-year bonds backed by the sponsor's existing and future franchise agreements, company-owned restaurant royalties, rental income on fee-owned properties and other intellectual property.

The sponsor, which last tapped the market for $290 million in 2000, now plans to offer $650 million in securities under Arby's Funding – Series 2015-1. Barclays is the lead manager.

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