Item 7.01. Regulation FD Disclosure.
On January 25, 2021, Franchise Group, Inc. (the "Company") issued a press
release announcing its acquisition of Pet Supplies Plus, a leading omnichannel
retail chain and franchisor of pet supplies and services, in an all cash
transaction valued at approximately $700 million from an affiliate of Sentinel
Capital Partners (the "Acquisition"). The Company has obtained commitments from
lenders to provide $1.3 billion of debt financing to refinance the Company's
existing term loan and provide financing for the Acquisition (the "Financing").
A copy of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K.
In addition, the Company will conduct a conference call and simultaneous
presentation to investors at 8:45 a.m. EST on January 25, 2021 to discuss the
Acquisition and the Financing. A copy of the investor presentation is attached
hereto as Exhibit 99.2.
The information in this Item 7.01 of this Current Report on Form 8-K, including
Exhibit 99.1 and Exhibit 99.2, is being furnished to the Securities and Exchange
Commission (the "SEC") pursuant to Item 7.01 of Form 8-K and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference into any of the
Company's filings with the SEC under the Securities Act of 1933, as amended, or
the Exchange Act, except as shall be expressly set forth by specific reference
in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated January 25, 2021.
99.2 Investor Presentation, dated January 25, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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