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GE Capital Finances Acquisition of 26 Denny’s Restaurants

March 13, 2015, 07:39 AM
Filed Under: Restaurant

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 Southeastern U.S.; 14 are in North Carolina, five in South Carolina, three in Alabama, and two each in Tennessee and Georgia. Eight of the restaurants are at Pilot Flying J truck stops. RJC is based in Pleasanton, CA.

“When the opportunity to acquire these units came up, it was a natural decision to reach out to GE Capital,” said RJC operating partner Pravesh Chopra. “I was confident they could help us close this transaction.”

“We’re pleased to be able to help RJC with this significant acquisition,” said Trey Brown, GEFF’s sales leader, “and we’re ready to help with their future expansion plans.”

This transaction was originated by Todd Cortell, managing director of strategic accounts at GE Capital, Franchise Finance.

With more than 30 years of experience and $6 billion in assets, GE Capital, Franchise Finance is a leading lender to the U.S. franchise finance market. It specializes in financing mid-market, multi-unit operators in the restaurant and hospitality industries. Its team of industry experts helps them realize their individualized growth plans.

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