Winmark Corporation announced the issuance of $30.0 million of 3.18 percent senior secured notes due 2028. The financing was provided by affiliates of PGIM, Inc. (formerly Prudential Investment Management) under its existing note agreement. Winmark intends to use the proceeds for general corporate purposes, which may include share repurchases and dividends.
Winmar’s resale franchise businesses include Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round.
Photo courtesy Play It Again Sports
