Funds refinancing of debt
GE Capital, Franchise Finance recently provided Raising Cane's® Chicken Fingers a $25 million revolving line of credit, refinancing the company's existing facility and amending a $21.6 million term loan. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
"We value our continuing relationship with GE Capital and the flexibility they provide us," said Brad Sanders, chief business officer, fry cook & cashier, Raising Cane's Chicken Fingers.
Raising Cane's, offering quality chicken finger meals, has 110 locations throughout 16 states. The company is slated to open 9 additional units by the end of 2011.
"Our relationship with Raising Cane's helped us create a deal structure that was a key differentiator," said Bill Kraus, managing director, GE Capital, Franchise Finance. "We look forward to growing with the Raising Cane's brand."
Raising Cane's® Chicken Fingers was founded in 1996 and is based in Baton Rouge, Louisiana.
Christine Roe
GE Capital Solutions
[email protected]
1-480-563-6260
Yvette Pistorio
Arment Dietrich Inc.
[email protected]
(312)-787-7249