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GE Capital Franchise Finance Lends $51MM to Giordano’s Pizza

April 02, 2015, 07:28 AM
Filed Under: Restaurant

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 1974 and calling itself the “originator of deep dish Chicago style stuffed pizza,” Giordano’s operates 16 units and franchises 31 units in the Midwest and Florida. The funds will be used to refinance existing debt and fund the development of new stores.

“We chose to work with GE Capital due to its expertise in the restaurant space, and its relationships within the industry. In short, we’re confident they can help us grow,” said Yorgo Koutsogiorgas, CEO of Giordano’s.

“We have a rich heritage of supporting the mid-market and advancing American businesses,” said Bill Kraus, a senior managing director with GEFF. “We’re pleased to support Giordano’s growth, a strong concept with a long history of successful operations and brand heritage.”

With more than 30 years of experience and $6 billion in assets, GE Capital, Franchise Finance is a leading lender for the U.S. franchise finance market.

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