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News Stories (72 Results) - Restaurant

Del Frisco’s Restaurant Group, Inc. announced that it has completed its acquisition of Barteca Restaurant Group, consisting of Barcelona Wine Bar  and bartaco, for $325 million in cash, subject to customary adjustments set forth in the purchase... Read Story

June 29, 2018, 08:00 AM

Hip Cuisine Inc. (HIPC), a growing global nutritional foods company, announced that it has retained Newbridge Securities Corporation, a full-service securities brokerage and investment banking firm, to provide strategic corporate finance and... Read Story

March 01, 2018, 07:00 AM

Citizens Bank announced that Citizens Commercial Banking has provided $210 million in financing to Denver-based Palo Alto, Inc., one of the largest franchisees in the country for Taco Bell, KFC and Pizza Hut. Citizens is the Left Lead arranger of a... Read Story

November 16, 2017, 07:09 AM

Garden Fresh Restaurants, parent of Souplantation and Sweet Tomatoes, has been acquired by two private equity firms just months after its emergence from bankruptcy. In a press release, the San Diego-based chain, which operates in nine startes... Read Story

August 09, 2017, 07:52 AM

Ruby Tuesday, Inc. entered into a $20.0 million 364-day senior secured revolving credit agreement with UBS AG, Stamford Branch, to replace its previously-disclosed four-year revolving credit agreement with Bank of America, N.A., as Administrative... Read Story

May 30, 2017, 07:10 AM

Bob Evans Farms, Inc. announced the completion of its previously announced sale of Bob Evans Restaurants to Golden Gate Capital on April 28, 2017, and the completion of its acquisition of Pineland Farms Potato Company.The sale of Bob Evans... Read Story

May 08, 2017, 07:14 AM

Meritage Hospitality Group, Inc. closed on a new $97.0 million credit facility in a syndication led by City National Bank.“This new credit facility will save the company approximately $1.0 million annually in interest expense and significantly... Read Story

October 24, 2016, 07:21 AM

Kona Grill, Inc. an American grill and sushi bar, has entered into a five-year amended credit agreement with KeyBank National Association and Zions First National Bank providing for revolving and term credit facilities totaling $60 million.  The... Read Story

October 13, 2016, 07:31 AM

Jack in the Box Inc. announced completion of an amendment to its existing senior credit facility. Under the terms of the amendment, the credit facility was increased to $1.6 billion, which consists of a $700 million term loan and $900 million... Read Story

September 23, 2016, 07:44 AM

CapitalSouth SBIC Fund IV, L.P. (the “CapitalSouth Growth Fund”) announced it recently invested $7.8 million in the senior secured debt of Hale & Hearty Holdings, LLC.Headquartered in New York, Hale & Hearty is a leading fast-casual, soup-focused... Read Story

August 05, 2016, 07:26 AM

Wingstop Inc., an award-winning wing restaurant concept with more than 900 locations worldwide, announced it has closed on a new $180 million senior secured debt facility and that its board of directors has declared a special cash dividend of $2.90... Read Story

July 01, 2016, 08:04 AM

Yum! Brands, Inc. announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have closed the previously announced $2.5 billion new Senior Secured Credit Facilities and $2.1 billion senior unsecured notes... Read Story

June 17, 2016, 07:24 AM

Good Times Restaurants Inc., operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high quality, all natural products and of Bad Daddy’s Burger Bar, a full service, upscale concept, announced... Read Story

May 09, 2016, 07:46 AM

Citizens Bank announced it has provided a $15 million credit facility to Rubyhill Denver LLC, a multi-unit Sonic franchise restaurant operator. The Colorado-based restaurant group will use the funds for acquisition financing and capital expenditures.... Read Story

March 30, 2016, 07:36 AM

CIT Group announced that CIT Commercial & Industrial Finance, which provides corporate financing solutions to restaurant and retail companies, served as sole lead arranger for an over $50 million senior secured credit facility to support the... Read Story

March 02, 2016, 07:11 AM

Popeyes Louisiana Kitchen, Inc., the franchisor and operator of Popeyes® restaurants, announced the completion of a new, five-year $250 million revolving credit facility on January 22, 2016. At closing, the stated interest under the new facility is... Read Story

January 26, 2016, 07:06 AM

Smokey Bones Bar & Fire Grill, a 67-unit, Florida-based casual dining chain specializing in “good food, good drinks, and good times,” has secured a $30 million credit facility from Providence, R.I.-based Citizens Bank. Smokey Bones is an affiliated... Read Story

November 13, 2015, 08:10 AM

CIT Group announced that CIT Retail & Restaurant Finance served as sole lead arranger in a senior secured credit facility to Bertucci’s Corporation (Bertucci’s), an owner and operator of Italian casual dining restaurants with locations from New... Read Story

October 20, 2015, 07:17 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $12 million senior credit facility to support the recapitalization and growth of Saladworks, LLC by private equity sponsor, Centre Lane Partners... Read Story

September 16, 2015, 08:10 AM

CraftWorks Restaurants & Breweries, Inc., the largest craft brewery restaurant operator in the country, announced the completion of a successful $172.5 million refinance of its existing senior debt facility. On the heels of this transaction, the... Read Story

August 24, 2015, 07:42 AM

Del Taco Restaurants, Inc.,  the second largest Mexican-American QSR chain by units in the United States, announced the closing of a new five-year $250 million senior credit facility. The new revolving credit facility bears an initial interest rate... Read Story

August 06, 2015, 07:46 AM

GE Capital’s Franchise Finance business announced 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... Read Story

August 04, 2015, 07:53 AM

Citizens Bank announced it led $155 million in new financing for Southfield, MI-based Diversified Restaurant Holdings, Inc. to refinance existing debt and to fund the acquisition of 18 Buffalo Wild Wings restaurants in the St. Louis area for $54... Read Story

July 01, 2015, 07:51 AM

ILLEGAL Restaurant Group Inc. (IBGR), the company, functioning as a holding company within the fast casual sector and operating under its subsidiary, ILLEGAL BURGER LLC, announced it has closed a senior secured revolving credit facility of up to $3... Read Story

June 12, 2015, 07:27 AM

Dave & Buster's Entertainment, Inc. announced that it closed a five-year $500 million senior credit facility, which is a senior secured obligation of Dave & Buster's, Inc., and guaranteed by Dave & Buster's Holdings, Inc. and certain of Dave & Buster... Read Story

May 18, 2015, 08:03 AM

Bob Evans Farms, Inc. announced it amended its existing $750 million credit facility. The amended terms of the credit facility allow, subject to stated requirements, the repurchase of up to $150 million of shares in fiscal year 2016, and increases... Read Story

May 18, 2015, 07:36 AM

Aurora Capital Group, a Los Angeles-based private equity firm with over $2 billion of assets under management, announced that it has completed the acquisition of Minneapolis-based Restaurant Technologies, Inc. ("RTI"), the only national provider of... Read Story

May 01, 2015, 07:38 AM

GE Capital’s Franchise Finance (GEFF) business announced 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... Read Story

April 02, 2015, 07:28 AM

Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced it has completed a preferred equity investment in KBP Foods (KBP). VPC invested alongside management, Boathouse Capital, and others... Read Story

March 27, 2015, 07:18 AM

GE Capital’s Franchise Finance business 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... Read Story

March 13, 2015, 07:39 AM

GE Capital’s Franchise Finance business 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... Read Story

February 20, 2015, 07:28 AM

GE Capital’s Franchise Finance (GEFF) business announced 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... Read Story

January 16, 2015, 07:46 AM

El Pollo Loco Holdings, Inc.  has successfully closed on a new five-year $200 million senior secured credit facility. The new facility replaces the company's existing $205 million senior credit facility, which had an outstanding term loan balance of... Read Story

December 12, 2014, 08:06 AM

GE Capital’s Franchise Finance (GEFF) business announced 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... Read Story

November 24, 2014, 08:05 AM

GE Capital’s Franchise Finance business has led a $37.5 million senior credit facility for Specialty’s Café & Bakery Inc. to refinance existing debt and provide funds for additional growth.Since 1987, Specialty’s Café & Bakery has combined a unique... Read Story

November 17, 2014, 07:53 AM

GE Capital’s Franchise Finance (GEFF) business provided $35 million in two separate term loans to Romulus, Inc., one of the largest IHOP® franchisees. The funds will be used to refinance existing debt, provide a dividend recapitalization and finance... Read Story

November 14, 2014, 07:37 AM

GE Capital’s Franchise Finance business announced it has provided a $95 million senior credit facility to JIB Management, Inc. A portion of the funding was provided by GE Capital’s bank affiliate, GE Capital Bank. GE Capital Markets acted as sole... Read Story

November 13, 2014, 08:03 AM

Kona Grill, Inc., an American grill and sushi bar, announced that it has entered into a five-year $35 million amended credit facility with KeyBank National Association. The amended credit facility replaces an existing $20 million credit line."We are... Read Story

November 11, 2014, 07:23 AM

The fast casual segment remains the top performer in the restaurant sector, and will continue to lead activity and change. The segment, typified by the likes of Chipotle, Noodles & Company and Zoe’s Kitchen, is providing offerings that are consistent... Read Story

November 07, 2014, 07:08 AM

GE Capital’s Franchise Finance (GEFF) business announced its first financing for the Corner Bakery Café concept. That comes in the form of a $5.6 million loan to MX Restaurants and Bakeries, Inc.Based in McAllen, TX, MX Restaurants already operates... Read Story

October 24, 2014, 07:28 AM

Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, announced it has provided $86 million in new financing to Pleasanton, CA-based Golden Gate Bell, LLC for the acquisition of the 72-unit Taco Bell franchisee... Read Story

October 21, 2014, 07:38 AM

Tim Hortons Inc. and Burger King Worldwide Inc. announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector. With approximately $23 billion in system sales, over 18,000... Read Story

August 27, 2014, 07:53 AM

Ignite Restaurant Group successfully closed on a new $195 million senior secured credit facility. The new four and a half year facility, which consists of a $165 million term loan and a $30 million revolving line of credit, replaces Ignite’s existing... Read Story

August 14, 2014, 07:16 AM

GE Capital’s Franchise Finance business announced 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... Read Story

July 29, 2014, 07:06 AM

Dave & Buster's, Inc., a leading operator of high volume entertainment/dining complexes, announced it has closed a $50 million revolving credit facility and $530 million senior secured first lien Term Loan B. The facilities are senior secured... Read Story

July 28, 2014, 07:51 AM

GE Capital’s Franchise Finance business announced it has provided $31 million to United Restaurant Group, LP in a combined sale-leaseback and refinancing. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger... Read Story

May 30, 2014, 07:51 AM

GE Capital's Franchise Finance business announced it has provided $35.5 million in senior debt to Valenti Mid-South Management, LLC, a major Wendy's franchisee based in Tampa, FL. The funds will be used to refinance most of the company's senior... Read Story

May 28, 2014, 07:19 AM

Darden Restaurants, Inc. announced that it has entered into a definitive agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash.   Darden expects to receive... Read Story

May 19, 2014, 07:08 AM

Del Taco Holdings, Inc. announced the completion of a debt refinance transaction. The transaction, led by GE Capital, features an amended senior credit facility with a $220 million term loan and a $40 million revolving line of credit. Incremental net... Read Story

April 30, 2014, 07:11 AM

CIT Canada, a leader in providing lending, leasing and advisory services to small businesses and middle market companies, today announced that it provided $8 million in franchise financing to the BLCO Group, one of the largest multi-unit Kentucky... Read Story

April 07, 2014, 08:02 AM

Diversified Restaurant Holdings, Inc., the creator, developer and operator of the unique, full-service, ultra-casual restaurant and bar Bagger Dave's Burger Tavern ("Bagger Dave's") and one of the largest franchisees for Buffalo Wild Wings ("BWW")... Read Story

March 21, 2014, 07:11 AM

GE Capital’s Franchise Finance business announced today that it has provided $80 million in senior debt to BurgerBusters Inc., a Taco Bell franchisee. GE Capital served as administrative agent and GE Capital Markets served as lead arranger and... Read Story

March 11, 2014, 07:58 AM

GE Capital, Franchise Finance has provided Armadillo Ventures, LLC, a Texas Roadhouse franchisee, with a $12 million senior credit facility comprised of a $9 million term loan and a $3 million development line of credit. The funds will be used to... Read Story

February 14, 2014, 07:28 AM

GE Capital’s Franchise Finance business announced it provided $43 million in senior credit to WKS Restaurant Corp. The credit facility was used to substantially recapitalize the company. GE Capital serves as administrative agent and GE Capital... Read Story

February 12, 2014, 07:36 AM

Dunkin' Brands Group, Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, today announced it has completed the refinancing of its senior secured credit facility, including its senior secured revolving credit facility. The total debt of... Read Story

February 10, 2014, 07:44 AM

Fiesta Restaurant Group, Inc. has entered into a new senior secured credit facility with a new syndicate of lenders led by Wells Fargo Bank, National Association, as administrative agent and a lender, and JPMorgan Chase Bank, N.A., as syndication... Read Story

December 12, 2013, 07:26 AM

Ruby Tuesday entered into a four-year revolving credit agreement under which the company may borrow up to $50.0 million with the option, subject to certain conditions, to increase the facility by up to $35.0 million.  The Senior Credit Facility... Read Story

December 11, 2013, 11:04 AM

GE Capital's Canadian Franchise Finance business announced that it has provided Original Joe's Franchise Group Inc. (OJ's) and parent company Franworks Franchise Corp. with an expanded, $49 million senior credit facility. GE Capital, Canada served as... Read Story

October 29, 2013, 07:26 AM

As Wendy’s restaurants undergo a total brand transformation — which includes “re-imaging” existing restaurants and developing new ones as well as a new marketing, logo and packaging — GE Capital’s Franchise Finance (GEFF) business has provided a $100... Read Story

September 25, 2013, 08:08 AM

GE Capital’s Franchise Finance business announced it has provided Guerrieri Management, Inc. (GMI) with a $6.8 million credit facility. Based in Cape Coral, FL, the company currently operates 12 Taco Bell restaurants in the Tampa-Clearwater... Read Story

July 30, 2013, 07:44 AM

GRILLiT, Inc. executed a revolving credit facility with TCA Global Credit Master Fund. The company received the initial drawdown of $250,000 and, upon consent of the lender, may draw down additional amounts on the same terms up to a total amount of... Read Story

July 25, 2013, 03:09 PM

Jamba Juice Company announced that the company has increased its credit agreement with Wells Fargo Bank, National Association to $15 million. The amended credit agreement with Wells Fargo Bank expires on June 30, 2016."We are pleased to continue our... Read Story

July 25, 2013, 07:13 AM

Smashburger, the rapidly expanding better burger restaurant concept, announced that it has closed on a $35 million round of financing with Golub Capital. The company intends to use the line of credit to finance its ongoing growth plans, which include... Read Story

June 26, 2013, 07:44 AM

Denny's Corporation, one of America's largest full-service family restaurant chains, today announced that it has entered into a new five-year $250 million senior secured bank credit facility, comprised of a $60 million term loan and a $190 million... Read Story

April 25, 2013, 08:05 AM

Kona Grill, Inc. an American grill and sushi bar, entered into a new four-year $20 million credit facility with KeyBank. and Stearns Bank. The new facility replaces an existing $6.5 million credit line and term loan. "We are excited to complete this... Read Story

April 22, 2013, 08:03 AM

The Wendy's Company announced that its indirect wholly owned subsidiary, Wendy's International, Inc., has entered into an agreement to refinance its existing credit facility. Subject to certain closing conditions, the company expects the transaction... Read Story

April 18, 2013, 07:53 AM

Del Taco Holdings announced the completion of a debt refinance transaction. The transaction, led by GE Capital, Franchise Finance, features new senior credit facilities which include a $175 million term loan and a $40 million revolving line of credit... Read Story

April 02, 2013, 08:07 AM

GE Capital, Franchise Finance recently provided $11.3 million to Ghai Management Services, a Burger King franchisee. The funding was used for the acquisition of six Taco Bell locations in Northern California. “We have long ties to GE Capital... Read Story

March 27, 2013, 08:04 AM

Chuy's Holdings entered into a new five-year $25 million revolving credit facility with Wells Fargo Bank, N.A. The new facility replaces an existing senior secured credit facility that was scheduled to mature in May 2016. At closing, $5 million was... Read Story

December 07, 2012, 08:07 AM

Due in large part to restaurant operators’ dampened outlook for sales growth and the economy, the National Restaurant Association’s Restaurant Performance Index (RPI) fell sharply in October. The RPI – a monthly composite index that tracks the health... Read Story

December 03, 2012, 07:07 AM

Buoyed by stronger same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) posted a modest gain in August. The RPI – a monthly composite index that tracks the health of and outlook for... Read Story

October 05, 2012, 06:00 AM

Slow economic growth and continued high unemployment have limited the recovery in discretionary consumer spending, but steady improvement for the restaurant sector should continue according to Bob Bielinski, Managing Director and Head of the... Read Story

October 03, 2012, 07:00 AM