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News Stories (23 Results) - Food Services

Chicago-based Potbelly Corporation, parent company of Potbelly Sandwiches chain of sandwich shops, has reportedly hired Alvarez and Marsal to advise the company on its financial options as it struggles to stay afloat in the wake of the coronavirus... Read Story

June 09, 2020, 09:15 AM

NXT Capital announced that it closed a $47 million loan to finance Shoreline Equity Partners’ recapitalization of Mr. Greens. NXT Capital acted as the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.Headquartered in... Read Story

January 15, 2020, 09:00 AM

Pipeline Foods LLC, the first U.S.-based supply chain solutions company focused exclusively on organic, non-GMO and regenerative food and feed, announced that it has successfully completed the renewal and syndication of its operating line led by... Read Story

September 26, 2019, 08:40 AM

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, announced the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen... Read Story

August 29, 2019, 08:45 AM

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a meal and dining services company based in Ohio.  Proceeds of the facility are being used to finance working capital.Andy Allaire, Regional Market... Read Story

August 22, 2019, 08:00 AM

CTI Foods, a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, announced that it has reached an agreement with the majority of its lenders on a comprehensive balance sheet restructuring that... Read Story

March 11, 2019, 08:19 AM

CIT Group Inc.announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $24 million senior secured credit facility for Pocono ProFoods, a leading foodservice distributor in the... Read Story

February 14, 2019, 08:10 AM

SSG Capital Advisors, LLC (SSG) acted as the investment banker to Pocono Produce Company, Inc., d/b/a Pocono ProFoods in the private placement of debt financing. The new facility will be used to refinance existing indebtedness, provide capital to... Read Story

January 23, 2019, 07:21 AM

Waitr Holdings Inc., a fast-growing restaurant platform for online ordering and on-demand food delivery, announced that it has completed its acquisition of Bite Squad, for a purchase price of approximately $323 million. Founded in 2012 and based in... Read Story

January 22, 2019, 07:12 AM

Ares Commercial Finance (ACF) announced that it has provided a senior secured credit facility to Pegasus Foods, Inc.  The arrangements consist of a revolving line of credit and a capital expenditure line of credit.  These facilities are in addition... Read Story

December 17, 2018, 07:00 AM

Ares Commercial Finance announced that it has provided a $20 million senior secured revolving line of credit to Imperial Frozen Foods.  The company is owned by Kenex Holdings.  Proceeds were used to refinance existing debt and to finance strategic... Read Story

October 30, 2018, 07:07 AM

Cracker Barrel Old Country Store, Inc.announced that it has entered into a five-year $950 million revolving line of credit. This new credit facility replaces the previous $750 million revolving line of credit. Merrill Lynch, Pierce, Fenner & Smith... Read Story

September 10, 2018, 08:00 AM

US Foods Holding Corp. and Services Group of America announced that they have entered into a definitive agreement under which US Foods will acquire five operating companies collectively known as SGA’s Food Group of Companies, for $1.8 billion in cash... Read Story

July 31, 2018, 07:31 AM

Tops Markets, LLC announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Tops for long-term success.Tops stores across the Company’s portfolio in... Read Story

February 23, 2018, 07:10 AM

Grubhub Holdings Inc., as borrower, entered into a Credit Agreement  with Citibank, N.A., as administrative agent, and Citibank, N.A., BMO Capital Markets Corp and Merrill Lynch, Pierce Fenner & Smith Incorporated, as joint lead arrangers and joint... Read Story

October 13, 2017, 07:11 AM

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $11,250,000 in secured financing in connection with Corridor Capital, LLC’s investment in Indo~European Foods, Inc..... Read Story

May 15, 2017, 07:20 AM

Marsh Supermarkets, LLC, announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware, a step the Company has taken to enable its business operations to continue normally as it seeks a buyer for... Read Story

May 12, 2017, 08:18 AM

Four Foods Group (FFG) – a restaurant development, investment and management company – has completed the placement of more than $32 million of growth capital to fund their growing restaurant services business. CIT, a provider of commercial lending... Read Story

March 29, 2017, 07:26 AM

Oak Hill Capital Partners announced that it has entered into a definitive agreement to acquire Checkers Drive-In Restaurants, Inc. from Sentinel Capital Partners. Operating under the Checkers and Rally's banners, the Company is one of the nation's... Read Story

March 24, 2017, 07:10 AM

Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided financing to support the acquisition of Red Monkey Foods by private equity firm, San Francisco Equity Partners. The facilities... Read Story

February 13, 2017, 07:00 AM

PNC Riverarch Capital announced an investment in Five Star Food Service, Inc. (“Five Star”), a leading provider of on-site food and beverage solutions to employers and other commercial, institutional, and educational locations across the Southeastern... Read Story

October 28, 2016, 07:23 AM

The Chefs' Warehouse, Inc., a premier distributor of specialty food products in the United States, announced it has successfully completed the refinancing of its senior secured credit facilities. The company has entered into a new $305 million term... Read Story

June 23, 2016, 07:21 AM

Golub Capital announced that as sole bookrunner and administrative agent it provided a $57.75 million senior credit facility to support the refinancing of Unidine Corporation. Unidine was represented by Partnership Capital Growth ("PCG"), a... Read Story

December 12, 2013, 07:49 AM