Funds partner buyout
SCOTTSDALE, Ariz.--23 February 2012-- GE Capital, Franchise Finance recently provided a $2.675 million term loan to QSC Restaurants, Inc., a Wendy's franchisee, for a partner buyout. The 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 $15 million senior term loan facility to Temple Real Estate Investment Trust (TSX Venture: "TR.UN") to support the acquisition of the Radisson Hotel & Suites Fort McMurray, Alberta.
Arni Thorsteinson, president & CEO, Temple REIT, Inc., said, "GE Capital proved to be very responsive to our needs and we are very pleased with the execution of this transaction."
SCOTTSDALE, Ariz.--21 February 2012-- GE Capital, Franchise Finance provided a $25 million credit facility to support an investment in Anthony's Coal Fired Pizza, Inc. by an affiliate of The Quilvest Group. The financing includes a $17 million term loan and an $8 million revolving credit facility. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
Funds acquisition of 51 Jack in the Box units
SCOTTSDALE, Ariz.--17 January 2012-- GE Capital, Franchise Finance provided $18 million to Feast Foods, LLC, a Jack in the Box franchisee. The financing includes a $16.3 million term loan for the acquisition of 51 Jack in the Box units in Washington, Idaho and Oregon and a $1.7 million development line of credit. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
Funds real estate purchase and debt refinancing
SCOTTSDALE, Ariz.--10 January 2012-- GE Capital, Franchise Finance recently provided $11.9 million to BalRod Enterprises, Inc., a Wendy's franchisee. The facility is being used to refinance existing debt and to purchase real estate. A portion of the funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
Funds new store development
SCOTTSDALE, Ariz.--08 December 2011-- GE Capital, Franchise Finance provided $2.8 million in financing to Four M Capital, LLC, a Buffalo Wild Wings Bar and Grill® franchisee. The funds will be used for two new store openings and to supplement an $8.7 million financing in 2010 which was used for new unit development and refinancing. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
Funds recapitalization of The Beekman Group portfolio company
SCOTTSDALE, Ariz.--06 December 2011-- GE Capital, Franchise Finance recently provided a $21.5 million credit facility to The Beekman Group's portfolio company, TBG Food Acquisition Corp. (TBG FAC), a Dunkin' Donuts franchisee operating company. The facilities include an $18.5 million term loan and a $3 million revolver. Part of the funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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.
Funds new store development and refinancing of existing debt
GE Capital, Franchise Finance recently provided GC Partners, Inc., a Golden Corral® franchisee, with an $18.5 million credit facility for store remodeling, new unit development, and debt refinancing. Part of the funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
