SCOTTSDALE, AZ, JULY 28, 2014 --- GE Capital's Franchise Finance business announced today that it has loaned $39.4 million to Cotti Foods for the acquisition of 39 Wendy's restaurants, the remodeling of existing units and the development of new units.
Cotti purchased the units --- 32 in the greater Los Angeles market as well as seven in Hawaii --- from Wendy's International Inc. In total, Wendy's® has sold 418 company-operated restaurants across 13 U.S. markets, primarily in the West, to align restaurant ownership and generate a more predictable revenue stream.