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WEN » Topics » Purchase Commitments

This excerpt taken from the WEN 10-K filed Apr 3, 2006.

Purchase Commitments

In connection with the Company’s acquisition of Jefferson Capital in June 2005 (see Note 2), the Company entered into a forward flow agreement to purchase a minimum of $3.0 billion in face value of credit card charge-offs over a five-year period at a fixed price. Future minimum purchase commitments under this agreement are as follows as of December 31, 2005 (amounts in thousands):

 

2006   2007   2008   2009   2010   Total
$36,445   $ 36,445   $ 36,445   $ 36,445   $ 18,223   $ 164,003
                               

"Purchase Commitments" elsewhere:

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