Funds refinancing and growth capital
SCOTTSDALE, Ariz.--12 June 2012-- GE Capital, Franchise Finance recently provided a $7.1 million credit facility to Hishmeh Enterprises, a Domino's Pizza franchisee. The funding includes a $5.6 million term loan to refinance existing debt and a $1.5 million development line of credit for growth capital. The financing was provided through GE Capital's bank affiliate, GE Capital Bank.
Commercial foodservice traffic to grow 1.7% 2012-2016
TORONTO -- Quick-service restaurant (QSR) outlets will likely see the greatest sales gains in the years ahead even as full-service restaurants (FSRs) become less popular, according to the first annual Canadian Chain Restaurant Industry Review, an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and NPD Group Canada. Today, QSRs capture 64% of total foot traffic and 44% of all sales at commercial restaurants, while FSRs see 25% of traffic and 49% of industry dollars.
Funds refinancing
SCOTTSDALE, Ariz.--16 May 2012-- GE Capital, Franchise Finance recently provided a $4.1 million credit facility to Hinz JJ, LLC, a Jimmy John's franchisee. The financing included $2.6 million to refinance debt and a $1.5 million development line of credit. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
Funds recapitalization for Wichita, KS-based operator
SCOTTSDALE, Ariz.--10 May 2012-- GE Capital, Franchise Finance provided an $80 million senior credit facility to F&H Acquisition Corp., a restaurant company majority-owned by affiliates of Newcastle Capital Management, L.P. and Steel Partners Holdings L.P. The financing includes a $72.5 million term loan and a $7.5 million revolving line of credit to assist in recapitalizing the company's balance sheet.
Results, including promising 2012 outlook, to be released at Canadian Restaurant Investment Summit May 30 in Toronto
TORONTO (ON) -- As the economy moves from recovery to expansion, Canadians are expected to cautiously increase their spending at restaurants and the Canadian foodservice industry should grow modestly this year, according to the first annual Canadian Chain Restaurant Industry Review, an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and NPD Group Canada.
Funds acquisition
SCOTTSDALE, Ariz.--23 March 2012-- GE Capital, Franchise Finance provided a $30 million credit facility to Shelton Restaurant Group, LLC, a Popeyes® Louisiana Kitchen franchisee. The financing is being used to acquire 29 Popeyes units in the Lafayette, Louisiana area. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
Funds acquisition, store development and refinancing
SCOTTSDALE, Ariz.--20 March 2012-- GE Capital, Franchise Finance provided $4.5 million to KK Group of Companies, a SUBWAY® franchisee. The financing includes a $3.5 million term loan to refinance existing debt and a $1 million development line of credit to fund the acquisition of one new store and for the remodeling and reimaging of four existing units. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
Montreal --- GE Capital, Franchise Finance announced today that it has recently provided a $19 million senior term loan facility to Original Joe's Franchise Group, Inc. to support the acquisition of all of the assets of Elephant & Castle Group, Inc. out of bankruptcy.
Derek Doke, majority owner, Original Joe's Franchise Group, Inc., said, "We know from our existing relationship with GE Capital that they bring a lot of expertise in restaurant financing to each transaction. We are very pleased with this outcome."
