Jack in the Box Inc. Exploring Strategic and Financing Alternatives to Maximize Shareholder Value

Jack in the Box Inc. announced that its Board of Directors and management team, with the support of legal and financial advisors, is exploring a range of strategic and financing alternatives to maximize shareholder value. Potential alternatives could include, among other things, a sale of the Company or executing on the Company’s previously announced plans to increase its leverage.

The Company’s Board has not set a timetable for the conclusion of this process nor has it made any decision related to any strategic or financing alternative at this time. The Company has had discussions with potential buyers; however, it noted that there can be no assurance that the exploration of strategic and financing alternatives will result in a transaction. That said, in the absence of a strategic transaction the Company remains committed to its previously communicated plan to have a new capital structure in place by the end of the first half of fiscal 2019. That capital structure could include, among other things, a securitization or bond issuance.

The Company does not intend to comment further regarding the review unless or until it determines that further disclosure is appropriate or required by law.