SCOTTSDALE, AZ, AUG. 3, 2015 - GE Capital’s Franchise Finance business announced today that 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 acquisition, Serazen has also agreed to build 14 new Hardee’s restaurants over the next six-and-a-half years in those markets. Based in Orange, CA, the company currently owns and operates 69 Papa John’s units.
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SCOTTSDALE, AZ, JULY 6, 2015 - GE Capital’s Franchise Finance business announced today that it has provided financing to Dufficy Enterprises Inc. Based in Franklin, MA, Dufficy is a Domino’s Pizza franchisee that operates 16 units in the greater Boston area.
The credit facility includes a term loan that will be used to refinance outstanding debt and a credit line that will be used to remodel existing stores and acquire new ones.
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- Emerging fast-casual brands are increasing market share
- Snack and fast-casual now generate 16.5% of revenue at top brands
SCOTTSDALE, AZ, JUNE 17, 2015 - The 25th annual edition of the Chain Restaurant Industry Review by GE Capital, Franchise Finance shows that Americans’ dining habits have changed dramatically over the past quarter century.
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SCOTTSDALE, AZ, APRIL 1, 2015 - GE Capital’s Franchise Finance (GEFF) business announced today that 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 1974 and calling itself the “originator of deep dish Chicago style stuffed pizza,” Giordano’s operates 16 units and franchises 31 units in the Midwest and Florida. The funds will be used to refinance existing debt and fund the development of new stores.
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SCOTTSDALE, AZ, MARCH 12, 2015 - GE Capital’s Franchise Finance business announced today that it 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 Southeastern U.S.; 14 are in North Carolina, five in South Carolina, three in Alabama, and two each in Tennessee and Georgia. Eight of the restaurants are at Pilot Flying J truck stops. RJC is based in Pleasanton, CA.
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SCOTTSDALE, AZ, MARCH 2, 2015 - GE Capital’s Franchise Finance business announced today that it is administrative agent on a $58.75 million credit facility for PF Growth Partners, LLC (PFGP), one of the largest franchisees of Planet Fitness® clubs. The funds will be used to refinance PFGP’s existing debt and fund its growth plans. GE Capital Markets served as sole lead arranger and sole bookrunner on the facility.
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SCOTTSDALE, AZ, FEB. 19, 2015 - GE Capital’s Franchise Finance business announced today that it 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 bookrunner.
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SCOTTSDALE, AZ, JAN. 15, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today 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 fast-casual pizza concept, Blast 825°.
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SCOTTSDALE, AZ, NOV. 24, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today 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 Sugarland, TX, Z&H operates more than 90 Popeyes units in multiple markets in Texas and, more recently, in Phoenix, Denver and Salt Lake City.