MONTREAL (QC) --- GE Capital's Canadian Franchise Finance business announced today that it has provided Original Joe's Franchise Group Inc. (OJ's) with a C$15.3 million senior secured credit facility. OJ's will use it to continue its expansion of the Original Joe's and State & Main restaurant concepts. GE Capital, Canada served as lead arranger on a senior credit facility with BMO Bank of Montreal and Laurentian Bank as participants.
Financing for store acquisitions
SCOTTSDALE, AZ --- GE Capital, Franchise Finance recently provided $4.4 million to Romulus Restaurant Group, an IHOP franchisee for the acquisition of six stores in Oklahoma. The financing was provided through GE Capital's bank affiliate, GE Capital Bank.
"We chose GE Capital, Franchise Finance because of their industry experience and their willingness to work with us," said Chris Milisci, president, Romulus Restaurants. "They structured a deal that really helps us to grow our business."
business unit
tags
Applebee's Franchisee Receives Funding for Acquisition
SCOTTSDALE, Ariz. (November 6, 2012) --- GE Capital, Franchise Finance recently provided a $74 million loan to Team Schostak Family Restaurants, an Applebee's International, Inc. and Burger King® franchisee. The financing will be used to fund the acquisition of 65 new Applebee's units.
business unit
tags
Acquisition financing for six hotel properties
SCOTTSDALE, Ariz. (October 23, 2012) --- GE Capital, Franchise Finance recently provided a $49.75 million loan to affiliates of Wheelock Street Capital, LLC, for the acquisition of six hotel properties in North Carolina, Texas, and Illinois. The hotels have brand affiliations with Marriott®, Hilton® InterContinental, and Choice.
business unit
tags
Provides funding for nine sale-leaseback locations
SCOTTSDALE, Ariz. (October 9, 2012) --- GE Capital, Franchise Finance recently provided $16.1 million to WendPartners, a Wendy's franchisee. The facility is being used for the sale-leaseback of nine locations in Texas, New Mexico, Ohio, Georgia, and Alabama.
business unit
tags
Refinances Courtyard® and Springhill Suites® by Marriott hotels
SCOTTSDALE, Ariz.--05 September 2012-- GE Capital, Franchise Finance recently provided $15 million to Summit Hotel Properties, Inc. The funding provides $9.75 million for a Courtyard® by Marriott and $5.25 million for a Springhill Suites® by Marriott to refinance existing debt on the two hotels.
business unit
tags
Funds revolving line of credit and refinancing
SCOTTSDALE, Ariz.--21 August 2012-- GE Capital, Franchise Finance recently provided a $45 million senior secured credit facility to Raising Cane's Chicken Fingers®, a Baton Rouge, La.-based restaurant chain. The facility refinances the company's existing term loan and provides a revolving line of credit. A portion of the funding was provided through GE Capital bank affiliate, GE Capital Bank.
business unit
tags
Funds refinancing
SCOTTSDALE, Ariz.--28 June 2012-- GE Capital, Franchise Finance recently provided a $6.7 million credit facility to Pizzerias, LLC, a Papa John's franchisee. The funding is being used to refinance existing debt. A portion of the funding was provided through GE Capital's bank affiliate, GE Capital Bank.