Financing ·
On September 16, 2026, majority owners affiliated with Blackstone Inc. entered into margin loan agreements with Morgan…
JMKEJersey Mike's Subs Inc.
On September 16, 2026, majority owners affiliated with Blackstone Inc. entered into margin loan agreements with Morgan Stanley Senior Funding, Inc., securing aggregate borrowings of approximately $1.09 billion. To secure these obligations, the Borrowers pledged 127,631,450 shares of Class A common stock, 44,990,370 shares of Class B common stock, and 44,990,370 common units of Jersey Mike’s HoldCo, LLC. This collateral represents approximately 54.3% of the issued and outstanding Class A Common Stock on a fully converted basis. The Company is not a party to the Loan Documents but agreed in letter agreements not to hinder lenders from exercising remedies upon default. Jersey Mike's Subs Inc. operates in the quick-service restaurant industry, specializing in submarine sandwiches.