Domino's Pizza is planning to issue up to $1.85 billion in asset-backed securities, funded by franchise fees from its stores. In turn, the company plans to use the funds to finance a stock repurchase plan.

The company retained Lehman Brothers to act as sole structuring advisor on the ABS transaction. JPMorgan Securities and Merrill Lynch will act as joint bookrunners on the deal, which is slated to come to market in the first half of 2007.

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