Yum! Brands plans two-part offering of notes in 10-, 30-year tranches

By Aleesia Forni

Virginia Beach, Oct. 22 - Yum! Brands Inc. is planning to price a two-part offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The company is expected to sell a tranche of senior notes due 2023 and a tranche of senior notes due 2043.

Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the joint bookrunners.

Proceeds will be used to fund tender offers for up to $525 million of the company's senior notes and to pay premiums in connection with those tender offers.

The fast food chain operator is based in Louisville, Ky.

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