Kroll Bond Rating Agency Assigns Preliminary Ratings to TGIF Funding, LLC – Series 2017-1 Senior Secured Notes

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to two note classes of TGIF Funding, LLC, a whole business securitization. TGI Friday’s, Inc. (“TGIF”, or “the Company”) will contribute many of its revenue-generating assets to TGIF Funding, LLC as collateral for the offered notes. The collateral consists of certain of its existing and future franchise agreements, existing and future Company-operated restaurant royalties, license agreements, existing a