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Pizza Hut’s New Owner Explores Bonds Backed by Franchise Fee Streams

Less than three weeks after completing its $2.7 billion acquisition of Pizza Hut from Yum! Brands, LongRange Capital is exploring a whole-business securitization: a financing structure that would bundle the brand's franchise fee and royalty streams into bonds sold to institutional investors, Bloomberg reported on September 18, 2026. The LongRange…

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Pizza Hut Changes Hands: LongRange Capital Closes $1.5 Billion Acquisition

LongRange Capital officially closed its $1.5 billion acquisition of Pizza Hut on September 1, separating the fast food franchise from Yum Brands after more than two decades of shared ownership. Combined with Yum China’s $1.2 billion purchase of the brand’s Asia-Pacific operations, the total transaction value reached $2.7 billion. Yum…

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