Fortress Investment Group announced the appointment of Damola Adamolekun as CEO of RL Investor Holdings LLC.RL Investor Holdings LLC is a new entity that is seeking bankruptcy court approval to acquire from Red Lobster Management LLC and its direct...
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August 27, 2024, 08:00 AM
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Golub Capital acted as Administrative Agent, Lead Arranger and Sole Bookrunner on a unitranche facility to support Freddy’s Frozen Custard & Steakburgers (“Freddy’s”). The facility is composed of a term loan and a revolver; proceeds will be used to...
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Yum! Brands announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $713 million term loan A facility and $1.25 billion revolving facility...
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Potbelly Corporation closed a new $30 million revolving credit facility that matures on February 7, 2027 led by Wintrust Bank.Under the terms of the new Facility, the Company achieved a 600-basis point reduction in the currently applicable interest...
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February 13, 2024, 08:00 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli. The loan will be used to...
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December 05, 2023, 07:46 AM
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Comvest Credit Partners is acting as Administrative Agent and is the Sole Lender on a $115 million senior secured credit facility for Pollo Tropical, a Miami-based fast-casual restaurant chain. The Financing supported the take-private acquisition of...
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November 17, 2023, 07:48 AM
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Subway has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in Subway's multi-year transformation journey, combining Subway's global presence and brand strength with Roark's deep...
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August 25, 2023, 07:45 AM
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Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to a California-based franchisee group managed by the Lutfi Family on the sale of 48 Arby’s restaurants located in Washington, Oregon and Southern...
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Comvest Credit Partners it is acting as Administrative Agent on a $185 million senior secured credit facility for Firebirds Wood Fired Grill, a Charlotte-based restaurant chain operator. The Financing will support the acquisition of the Company by...
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Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to Scanlan Management LLC & Blue Pacific Guam LLC, a franchisee of Jack in the Box, on its sale to PARS Group, LLC and as the exclusive financial...
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Portillo’s, the fast-casual restaurant concept known for its menu of Chicago-style favorites, successfully refinanced its existing credit facility with a new 5-year $300 million Term A Loan, resulting in a significant reduction in interest expense....
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February 07, 2023, 07:35 AM
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Comvest Credit Partners acted as Administrative Agent and Sole Lender in providing a new $100 million senior secured credit facility to Ojos Locos, LLC, a Dallas-based restaurant chain operator in Comvest’s Direct Lending portfolio. The Financing...
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October 13, 2022, 06:00 AM
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Comvest Credit Partners acted as Administrative Agent in providing a senior secured credit facility to Another Broken Egg, an Orlando, FL-based restaurant operator and franchisor of full-service daytime-only cafes. The Financing was used to support a...
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Another Broken Egg, an Orlando-based operator and franchisor of southern-inspired daytime cafes owned by an affiliate of The Beekman Group, a leading private equity firm, announced that it has closed on a New Senior Secured Term Loan Facility...
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January 21, 2022, 07:42 AM
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Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’...
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November 11, 2021, 07:03 AM
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According to an SEC filing, on October 6, 2021, FWR Holding Corporation, a Delaware corporation (“FWR”), an indirect subsidiary of First Watch Restaurant Group, Inc., a Delaware corporation (the “Company”), entered into a credit agreement, dated as...
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October 07, 2021, 07:50 AM
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Papa John’s International successfully completed its previously announced senior notes offering and the refinancing of its revolving credit facility, providing the Company with enhanced financial flexibility and additional liquidity. The transaction...
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September 16, 2021, 08:03 AM
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Denny’s Corporation refinanced its amended and restated $350 million revolving credit facility to a new five-year $400 million revolving credit facility.Borrowings under the new credit facility will bear a tiered interest rate, which is based on the...
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August 27, 2021, 08:03 AM
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Meritage Hospitality Group announced that the Company and certain of its subsidiaries have in advisory with Auspex Capital, closed on a new $302.8 million senior secured credit facility syndication led by City National Bank.The new senior credit...
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August 09, 2021, 07:44 AM
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Fresh Acquisitions which operates Furr’s Fresh Buffet©, and several of its affiliates including Buffets LLC and its subsidiaries, which operate Ryan’s©, Old Country Buffet©, Tahoe Joes Famous Steakhouse©, and Hometown Buffet©, filed for Chapter 11...
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SSG Capital Advisors acted as the investment banker to PBS Brand Co., LLC, d/b/a Punch Bowl Social, and its affiliated entities in the sale of substantially all its assets to an affiliate of CrowdOut Capital, LLC. The transaction closed in March 2021...
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Golub Capital acted as the Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a GOLD facility to finance Thompson Street Capital Partners' ("TSCP") acquisition of Freddy's Frozen Custard & Steakburgers ("Freddy's"). GOLD financings are...
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Potbelly Corporation has entered into a definitive securities purchase agreement with existing and new investors to raise approximately $16 million. The closing is anticipated to occur on February 12, 2021, subject to customary closing conditions. ...
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February 11, 2021, 07:50 AM
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Sterling National Bank's Franchise Group provided senior secured credit facilities totaling $7,550,000 to J.D. Pizza Inc. The credit facilities will provide refinancing of existing debt and support the Company’s future anticipated...
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November 13, 2020, 08:10 AM
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By order of the US Bankruptcy Court, Middle District of North Carolina, Winston-Salem Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to K&W Cafeterias (“K&W” or...
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October 14, 2020, 08:59 AM
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With restaurant dining areas shuttered throughout most of the country, consumers had no choice but to allocate their food spending elsewhere in recent weeks. While takeout and delivery options offered many restaurants a bit of a lifeline, it by no...
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CIT Group Inc. announced that it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.Based in Charlotte, North Carolina...
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August 07, 2019, 08:55 AM
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Even though to date the economy remains relatively strong, the chain-restaurant industry in the year ahead faces a consumer base that is starting to show signs of possible fatigue plus multidimensional labor issues made even more complex by the...
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Pachanga, Inc., et al, d/b/a FIKA in the sale of substantially all of its assets to an affiliate of FIKA's senior secured lenders. The sale was effectuated through a Chapter 11 Section...
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December 28, 2018, 08:00 AM
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Urban Plates, a California-based, upscale fast casual restaurant brand, announced today that it has closed a $38 million growth and working capital facility with Goldman Sachs Specialty Lending Group. The company will use the proceeds to expand the...
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September 26, 2018, 07:44 AM
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Hyde Park Ventures, a private investment management company, announced the acquisition of 16 Five Guys franchises across New England making it the third largest Five Guys franchisee in the United States. In total, Hyde Park now owns 32 Five Guys...
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September 19, 2018, 08:39 AM
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Del Frisco’s Restaurant Group, Inc. announced that it has completed its acquisition of Barteca Restaurant Group, consisting of Barcelona Wine Bar and bartaco, for $325 million in cash, subject to customary adjustments set forth in the purchase...
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Hip Cuisine Inc. (HIPC), a growing global nutritional foods company, announced that it has retained Newbridge Securities Corporation, a full-service securities brokerage and investment banking firm, to provide strategic corporate finance and...
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Citizens Bank announced that Citizens Commercial Banking has provided $210 million in financing to Denver-based Palo Alto, Inc., one of the largest franchisees in the country for Taco Bell, KFC and Pizza Hut. Citizens is the Left Lead arranger of a...
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November 16, 2017, 07:09 AM
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Garden Fresh Restaurants, parent of Souplantation and Sweet Tomatoes, has been acquired by two private equity firms just months after its emergence from bankruptcy.
In a press release, the San Diego-based chain, which operates in nine startes...
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August 09, 2017, 07:52 AM
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Ruby Tuesday, Inc. entered into a $20.0 million 364-day senior secured revolving credit agreement with UBS AG, Stamford Branch, to replace its previously-disclosed four-year revolving credit agreement with Bank of America, N.A., as Administrative...
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Bob Evans Farms, Inc. announced the completion of its previously announced sale of Bob Evans Restaurants to Golden Gate Capital on April 28, 2017, and the completion of its acquisition of Pineland Farms Potato Company.The sale of Bob Evans...
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Meritage Hospitality Group, Inc. closed on a new $97.0 million credit facility in a syndication led by City National Bank.“This new credit facility will save the company approximately $1.0 million annually in interest expense and significantly...
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October 24, 2016, 07:21 AM
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Kona Grill, Inc. an American grill and sushi bar, has entered into a five-year amended credit agreement with KeyBank National Association and Zions First National Bank providing for revolving and term credit facilities totaling $60 million. The...
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October 13, 2016, 07:31 AM
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Jack in the Box Inc. announced completion of an amendment to its existing senior credit facility. Under the terms of the amendment, the credit facility was increased to $1.6 billion, which consists of a $700 million term loan and $900 million...
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September 23, 2016, 07:44 AM
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CapitalSouth SBIC Fund IV, L.P. (the “CapitalSouth Growth Fund”) announced it recently invested $7.8 million in the senior secured debt of Hale & Hearty Holdings, LLC.Headquartered in New York, Hale & Hearty is a leading fast-casual, soup-focused...
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August 05, 2016, 07:26 AM
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Wingstop Inc., an award-winning wing restaurant concept with more than 900 locations worldwide, announced it has closed on a new $180 million senior secured debt facility and that its board of directors has declared a special cash dividend of $2.90...
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Yum! Brands, Inc. announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have closed the previously announced $2.5 billion new Senior Secured Credit Facilities and $2.1 billion senior unsecured notes...
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Good Times Restaurants Inc., operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high quality, all natural products and of Bad Daddy’s Burger Bar, a full service, upscale concept, announced...
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Citizens Bank announced it has provided a $15 million credit facility to Rubyhill Denver LLC, a multi-unit Sonic franchise restaurant operator. The Colorado-based restaurant group will use the funds for acquisition financing and capital expenditures....
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CIT Group announced that CIT Commercial & Industrial Finance, which provides corporate financing solutions to restaurant and retail companies, served as sole lead arranger for an over $50 million senior secured credit facility to support the...
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Popeyes Louisiana Kitchen, Inc., the franchisor and operator of Popeyes® restaurants, announced the completion of a new, five-year $250 million revolving credit facility on January 22, 2016. At closing, the stated interest under the new facility is...
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January 26, 2016, 07:06 AM
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Smokey Bones Bar & Fire Grill, a 67-unit, Florida-based casual dining chain specializing in “good food, good drinks, and good times,” has secured a $30 million credit facility from Providence, R.I.-based Citizens Bank. Smokey Bones is an affiliated...
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November 13, 2015, 08:10 AM
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CIT Group announced that CIT Retail & Restaurant Finance served as sole lead arranger in a senior secured credit facility to Bertucci’s Corporation (Bertucci’s), an owner and operator of Italian casual dining restaurants with locations from New...
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October 20, 2015, 07:17 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $12 million senior credit facility to support the recapitalization and growth of Saladworks, LLC by private equity sponsor, Centre Lane Partners...
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September 16, 2015, 08:10 AM
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CraftWorks Restaurants & Breweries, Inc., the largest craft brewery restaurant operator in the country, announced the completion of a successful $172.5 million refinance of its existing senior debt facility. On the heels of this transaction, the...
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August 24, 2015, 07:42 AM
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Del Taco Restaurants, Inc., the second largest Mexican-American QSR chain by units in the United States, announced the closing of a new five-year $250 million senior credit facility. The new revolving credit facility bears an initial interest rate...
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August 06, 2015, 07:46 AM
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GE Capital’s Franchise Finance business announced it has provided a $30.7 million loan to Serazen, LLC to refinance debt and to acquire and re-image 50 Hardee’s® units in Greensboro and Wilmington, N.C. and Columbia and Florence, S.C.As part of the...
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August 04, 2015, 07:53 AM
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Citizens Bank announced it led $155 million in new financing for Southfield, MI-based Diversified Restaurant Holdings, Inc. to refinance existing debt and to fund the acquisition of 18 Buffalo Wild Wings restaurants in the St. Louis area for $54...
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ILLEGAL Restaurant Group Inc. (IBGR), the company, functioning as a holding company within the fast casual sector and operating under its subsidiary, ILLEGAL BURGER LLC, announced it has closed a senior secured revolving credit facility of up to $3...
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Dave & Buster's Entertainment, Inc. announced that it closed a five-year $500 million senior credit facility, which is a senior secured obligation of Dave & Buster's, Inc., and guaranteed by Dave & Buster's Holdings, Inc. and certain of Dave & Buster...
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Bob Evans Farms, Inc. announced it amended its existing $750 million credit facility. The amended terms of the credit facility allow, subject to stated requirements, the repurchase of up to $150 million of shares in fiscal year 2016, and increases...
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Aurora Capital Group, a Los Angeles-based private equity firm with over $2 billion of assets under management, announced that it has completed the acquisition of Minneapolis-based Restaurant Technologies, Inc. ("RTI"), the only national provider of...
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GE Capital’s Franchise Finance (GEFF) business announced it has provided a $51 million credit facility to Giordano’s, a portfolio company of Victory Park Capital. GE Capital Markets served as administrative agent and joint lead arranger.Founded in...
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Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced it has completed a preferred equity investment in KBP Foods (KBP). VPC invested alongside management, Boathouse Capital, and others...
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GE Capital’s Franchise Finance business has provided an $11 million term loan and $2 million development line of credit to RJC, LLC, a restaurant operator, to support its recent acquisition of 26 Denny’s restaurants.The restaurants are located in the...
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GE Capital’s Franchise Finance business served as administrative agent on a $45 million senior secured credit facility to The Saxton Group, the largest McAlister’s Deli® franchisee. GE Capital Markets served as sole lead arranger and sole...
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February 20, 2015, 07:28 AM
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GE Capital’s Franchise Finance (GEFF) business announced that it has provided a new $7.6 million term loan and $2.0 million revolving credit facility to Milano Restaurants International Corp. The funds will be used primarily to develop its new...
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January 16, 2015, 07:46 AM
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El Pollo Loco Holdings, Inc. has successfully closed on a new five-year $200 million senior secured credit facility. The new facility replaces the company's existing $205 million senior credit facility, which had an outstanding term loan balance of...
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December 12, 2014, 08:06 AM
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GE Capital’s Franchise Finance (GEFF) business announced that it has provided financing to Z&H Foods, LLC to develop more than 20 Popeyes units and to refinance debt. GE Capital Markets served as administrative agent on the transaction.Based in...
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November 24, 2014, 08:05 AM
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GE Capital’s Franchise Finance business has led a $37.5 million senior credit facility for Specialty’s Café & Bakery Inc. to refinance existing debt and provide funds for additional growth.Since 1987, Specialty’s Café & Bakery has combined a unique...
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November 17, 2014, 07:53 AM
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GE Capital’s Franchise Finance (GEFF) business provided $35 million in two separate term loans to Romulus, Inc., one of the largest IHOP® franchisees. The funds will be used to refinance existing debt, provide a dividend recapitalization and finance...
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November 14, 2014, 07:37 AM
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GE Capital’s Franchise Finance business announced it has provided a $95 million senior credit facility to JIB Management, Inc. A portion of the funding was provided by GE Capital’s bank affiliate, GE Capital Bank. GE Capital Markets acted as sole...
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November 13, 2014, 08:03 AM
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Kona Grill, Inc., an American grill and sushi bar, announced that it has entered into a five-year $35 million amended credit facility with KeyBank National Association. The amended credit facility replaces an existing $20 million credit line."We are...
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November 11, 2014, 07:23 AM
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The fast casual segment remains the top performer in the restaurant sector, and will continue to lead activity and change. The segment, typified by the likes of Chipotle, Noodles & Company and Zoe’s Kitchen, is providing offerings that are consistent...
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November 07, 2014, 07:08 AM
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GE Capital’s Franchise Finance (GEFF) business announced its first financing for the Corner Bakery Café concept. That comes in the form of a $5.6 million loan to MX Restaurants and Bakeries, Inc.Based in McAllen, TX, MX Restaurants already operates...
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October 24, 2014, 07:28 AM
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Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, announced it has provided $86 million in new financing to Pleasanton, CA-based Golden Gate Bell, LLC for the acquisition of the 72-unit Taco Bell franchisee...
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October 21, 2014, 07:38 AM
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Tim Hortons Inc. and Burger King Worldwide Inc. announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector. With approximately $23 billion in system sales, over 18,000...
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August 27, 2014, 07:53 AM
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Ignite Restaurant Group successfully closed on a new $195 million senior secured credit facility. The new four and a half year facility, which consists of a $165 million term loan and a $30 million revolving line of credit, replaces Ignite’s existing...
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August 14, 2014, 07:16 AM
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GE Capital’s Franchise Finance business announced that it has loaned $39.4 million to Cotti Foods for the acquisition of 39 Wendy’s restaurants, the remodeling of existing units and the development of new units.Cotti purchased the units — 32 in the...
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Dave & Buster's, Inc., a leading operator of high volume entertainment/dining complexes, announced it has closed a $50 million revolving credit facility and $530 million senior secured first lien Term Loan B. The facilities are senior secured...
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GE Capital’s Franchise Finance business announced it has provided $31 million to United Restaurant Group, LP in a combined sale-leaseback and refinancing. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger...
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GE Capital's Franchise Finance business announced it has provided $35.5 million in senior debt to Valenti Mid-South Management, LLC, a major Wendy's franchisee based in Tampa, FL. The funds will be used to refinance most of the company's senior...
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Darden Restaurants, Inc. announced that it has entered into a definitive agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash. Darden expects to receive...
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Del Taco Holdings, Inc. announced the completion of a debt refinance transaction. The transaction, led by GE Capital, features an amended senior credit facility with a $220 million term loan and a $40 million revolving line of credit. Incremental net...
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CIT Canada, a leader in providing lending, leasing and advisory services to small businesses and middle market companies, today announced that it provided $8 million in franchise financing to the BLCO Group, one of the largest multi-unit Kentucky...
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Diversified Restaurant Holdings, Inc., the creator, developer and operator of the unique, full-service, ultra-casual restaurant and bar Bagger Dave's Burger Tavern ("Bagger Dave's") and one of the largest franchisees for Buffalo Wild Wings ("BWW")...
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GE Capital’s Franchise Finance business announced today that it has provided $80 million in senior debt to BurgerBusters Inc., a Taco Bell franchisee. GE Capital served as administrative agent and GE Capital Markets served as lead arranger and...
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GE Capital, Franchise Finance has provided Armadillo Ventures, LLC, a Texas Roadhouse franchisee, with a $12 million senior credit facility comprised of a $9 million term loan and a $3 million development line of credit. The funds will be used to...
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February 14, 2014, 07:28 AM
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GE Capital’s Franchise Finance business announced it provided $43 million in senior credit to WKS Restaurant Corp. The credit facility was used to substantially recapitalize the company. GE Capital serves as administrative agent and GE Capital...
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February 12, 2014, 07:36 AM
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Dunkin' Brands Group, Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, today announced it has completed the refinancing of its senior secured credit facility, including its senior secured revolving credit facility.
The total debt of...
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February 10, 2014, 07:44 AM
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Fiesta Restaurant Group, Inc. has entered into a new senior secured credit facility with a new syndicate of lenders led by Wells Fargo Bank, National Association, as administrative agent and a lender, and JPMorgan Chase Bank, N.A., as syndication...
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December 12, 2013, 07:26 AM
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Ruby Tuesday entered into a four-year revolving credit agreement under which the company may borrow up to $50.0 million with the option, subject to certain conditions, to increase the facility by up to $35.0 million. The Senior Credit Facility...
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December 11, 2013, 11:04 AM
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GE Capital's Canadian Franchise Finance business announced that it has provided Original Joe's Franchise Group Inc. (OJ's) and parent company Franworks Franchise Corp. with an expanded, $49 million senior credit facility. GE Capital, Canada served as...
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October 29, 2013, 07:26 AM
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As Wendy’s restaurants undergo a total brand transformation — which includes “re-imaging” existing restaurants and developing new ones as well as a new marketing, logo and packaging — GE Capital’s Franchise Finance (GEFF) business has provided a $100...
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September 25, 2013, 08:08 AM
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GE Capital’s Franchise Finance business announced it has provided Guerrieri Management, Inc. (GMI) with a $6.8 million credit facility. Based in Cape Coral, FL, the company currently operates 12 Taco Bell restaurants in the Tampa-Clearwater...
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GRILLiT, Inc. executed a revolving credit facility with TCA Global Credit Master Fund. The company received the initial drawdown of $250,000 and, upon consent of the lender, may draw down additional amounts on the same terms up to a total amount of...
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Jamba Juice Company announced that the company has increased its credit agreement with Wells Fargo Bank, National Association to $15 million. The amended credit agreement with Wells Fargo Bank expires on June 30, 2016."We are pleased to continue our...
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Smashburger, the rapidly expanding better burger restaurant concept, announced that it has closed on a $35 million round of financing with Golub Capital. The company intends to use the line of credit to finance its ongoing growth plans, which include...
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Denny's Corporation, one of America's largest full-service family restaurant chains, today announced that it has entered into a new five-year $250 million senior secured bank credit facility, comprised of a $60 million term loan and a $190 million...
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Kona Grill, Inc. an American grill and sushi bar, entered into a new four-year $20 million credit facility with KeyBank. and Stearns Bank. The new facility replaces an existing $6.5 million credit line and term loan.
"We are excited to complete this...
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The Wendy's Company announced that its indirect wholly owned subsidiary, Wendy's International, Inc., has entered into an agreement to refinance its existing credit facility. Subject to certain closing conditions, the company expects the transaction...
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Del Taco Holdings announced the completion of a debt refinance transaction. The transaction, led by GE Capital, Franchise Finance, features new senior credit facilities which include a $175 million term loan and a $40 million revolving line of credit...
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GE Capital, Franchise Finance recently provided $11.3 million to Ghai Management Services, a Burger King franchisee. The funding was used for the acquisition of six Taco Bell locations in Northern California.
“We have long ties to GE Capital...
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Chuy's Holdings entered into a new five-year $25 million revolving credit facility with Wells Fargo Bank, N.A. The new facility replaces an existing senior secured credit facility that was scheduled to mature in May 2016. At closing, $5 million was...
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December 07, 2012, 08:07 AM
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Due in large part to restaurant operators’ dampened outlook for sales growth and the economy, the National Restaurant Association’s Restaurant Performance Index (RPI) fell sharply in October. The RPI – a monthly composite index that tracks the health...
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December 03, 2012, 07:07 AM
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Buoyed by stronger same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) posted a modest gain in August. The RPI – a monthly composite index that tracks the health of and outlook for...
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October 05, 2012, 06:00 AM
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Slow economic growth and continued high unemployment have limited the recovery in discretionary consumer spending, but steady improvement for the restaurant sector should continue according to Bob Bielinski, Managing Director and Head of the...
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October 03, 2012, 07:00 AM
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