Jack in the Box Inc. Completes Sale of Del Taco Holdings Inc.

Jack in the Box Inc. has completed the sale of its subsidiary, Del Taco Holdings Inc., to Del Taco Group, LLC, an assignee of Yadav Enterprises, Inc. The transaction, valued at approximately $119.0 million, was finalized on December 22, 2025. Jack in the Box Inc. received $109.0 million in cash at closing, with the remaining $10.0 million due by January 12, 2026, accruing 8% annual interest and guaranteed by Anil Yadav. This sale is a key step in Jack in the Box Inc.’s strategic plan to simplify its business model, strengthen its balance sheet, and reduce debt, allowing for a greater focus on the Jack in the Box brand and operational improvements. The company was advised by BofA Securities Inc. and Sullivan & Cromwell LLP, while Yadav Enterprises Inc. was represented by its General Counsel Steven M. Kries and advised by Baker Tilly.