NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to four note classes of Hardee’s Funding LLC and Carl’s Jr. Funding LLC, a whole business securitization. This transaction represents the second whole business securitization (“WBS”) co-issued by Hardee’s Funding LLC and Carl’s Jr. Funding LLC (“Co-Issuers”). The proceeds from the offered notes will be used to refinance its existing 2013-1 securitization transaction and pay certain transaction expenses.
