Funds development of new Buffalo Wild Wings units and debt refinancing
SCOTTSDALE, Ariz.--28 October 2010-- GE Capital, Franchise Finance provided $8.7 million in financing to Buffalo Wild Wings® International, Inc. franchisee, Four M Capital, LLC. The funds are being used for development of three Buffalo Wild Wings Bar and Grill restaurants in the greater New York metro and Connecticut areas as well as to refinance existing debt. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc."
"Four M Capital values our industry knowledge and working relationship," said Ab Igram, Vice President of GE Capital, Franchise Finance. "We look forward to supporting their continuing growth."
Four M Capital, based in Valhalla, New York currently owns and operates eight Buffalo Wild Wings Bar and Grill units, also in the New York metro market.
"GE Capital's expertise and support gives us confidence to continue our growth," says Jim Bitzonis, President and CEO of Four M Capital, LLC. "As we add new units to our portfolio, GE Capital will continue to be a vital player in our development."
Buffalo Wild Wings International, Inc., is a growing franchisor of restaurants featuring made-to-order menu items including Buffalo-style chicken wings. There are currently almost 700 Buffalo Wild Wings locations across 40 states.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $14 billion in served assets, we serve more than 5,000 customers and more than 22,000 property locations. We provide financing for all your business needs. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) is a diversified infrastructure, finance and media company that is taking on the world's toughest challenges. GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit www.ge.com.
Christine Roe
GE Capital Solutions
[email protected]
1-480-563-6260
Yvette Pistorio
Arment Dietrich Inc.
[email protected]
(312)-787-7249