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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
City National Bank Leads Syndicate in $97MM Credit Facility for Meritage Hospitality
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Lenders/Participants
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City National Bank [Lead Syndicator]
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Structure
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Credit Facility
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Amount
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$97.000
Million
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Borrower(s)
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Meritage Hospitality Group, Inc.
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Description
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According to the company CEO, this new credit facility will save the Company approximately $1.0 million annually in interest expense and significantly increase the company's renovation and new build restaurant development capacity with an increased flexible development line of credit. The syndication partners have also provided Meritage an accordion feature for future Wendy’s acquisitions.
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Industry
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Restaurant
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| Related Tags |
City National Bank
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ABL Advisor
Deal Tables
2025
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