Chick-fil-A has successfully sold $650 million in investment-grade private debt, according to Bloomberg reporting.

The private debt offering represents a significant capital raise for the Atlanta-based restaurant chain, known for its chicken sandwiches and strong financial performance. Investment-grade debt typically indicates that credit rating agencies view the issuer as having a relatively low risk of default.

Private debt offerings allow companies to raise capital from institutional investors without going through public bond markets. This financing method has become increasingly popular among well-established companies seeking flexible funding arrangements.

Chick-fil-A has maintained strong financial performance in recent years, with the chain continuing to expand its footprint across the United States. The company remains privately held and family-owned, distinguishing it from many of its publicly traded competitors in the quick-service restaurant sector.

The proceeds from the debt sale and their intended use were not detailed in the available reporting.