Jollibee Foods plans to raise up to $300M to refinance debt and support franchise growth.

Jollibee Foods Corp. plans to raise up to $300 million through a corporate notes issuance to refinance $396 million in matured perpetual notes. The company, which showed a 17.7% increase in net income and 10.6% revenue growth in 2024, aims to convert its debt to more cost-effective senior bonds. The funds will support their shift to a franchise model, reducing capital expenditure for new store openings.