v3.26.1
Long-Term Debt
 6 Months Ended
Jun. 28, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
June 28,
2026		December 28,
2025
Class A-2 Notes:
5.422% Series 2025-1 Class A-2-I Notes, anticipated repayment date 2032
$447,750 $450,000 
4.236% Series 2022-1 Class A-2-I Notes, anticipated repayment date 2029
96,000 96,500 
4.535% Series 2022-1 Class A-2-II Notes, anticipated repayment date 2032
380,134 382,134 
2.370% Series 2021-1 Class A-2-I Notes, anticipated repayment date 2029
412,019 414,269 
2.775% Series 2021-1 Class A-2-II Notes, anticipated repayment date 2031
617,280 620,530 
4.080% Series 2019-1 Class A-2-II Notes, anticipated repayment date 2029
391,873 394,123 
3.884% Series 2018-1 Class A-2-II Notes, anticipated repayment date 2028
429,224 431,599 
Unamortized debt issuance costs(25,291)(28,903)
2,748,989 2,760,252 
Less amounts payable within one year(29,750)(29,750)
Total long-term debt$2,719,239 $2,730,502 

Other Long-Term Debt
Wendy’s U.S. advertising fund has a revolving line of credit of $15,000, which was established to support the Company’s advertising fund operations and bears interest at the Secured Overnight Financing Rate (“SOFR”) plus 2.25%. Borrowings under the line of credit are guaranteed by Wendy’s. During the three months ended March 29, 2026, the Company borrowed and repaid $11,500 under the revolving line of credit, then subsequently borrowed and repaid $3,600 under the revolving line of credit. During the three months ended June 28, 2026, the Company borrowed and repaid $2,700 under the revolving line of credit. As a result, as of June 28, 2026, the Company had no outstanding borrowings under the revolving line of credit. Subsequent to June 28, 2026, the Company increased the Wendy’s U.S. advertising fund revolving line of credit to $25,000.