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News Stories (40 Results) - Restaurant

Red Lobster Management LLC, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster® restaurant chain, announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the... Read Story
May 20, 2024, 08:00 AM

Potbelly Corporation closed a new $30 million revolving credit facility that matures on February 7, 2027 led by Wintrust Bank.Under the terms of the new Facility, the Company achieved a 600-basis point reduction in the currently applicable interest... Read Story
February 13, 2024, 08:00 AM

Dave & Buster's Entertainment announced that the Company successfully amended its credit agreement, achieving a reduction in the interest rate margin applicable to its term loans and revolving loans outstanding under its credit agreement by 60 basis... Read Story
January 22, 2024, 07:58 AM

Subway has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in Subway's multi-year transformation journey, combining Subway's global presence and brand strength with Roark's deep... Read Story
August 25, 2023, 07:45 AM

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to a California-based franchisee group managed by the Lutfi Family on the sale of 48 Arby’s restaurants located in Washington, Oregon and Southern... Read Story
June 09, 2023, 07:12 AM

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to Scanlan Management LLC & Blue Pacific Guam LLC, a franchisee of Jack in the Box, on its sale to PARS Group, LLC and as the exclusive financial... Read Story
March 15, 2023, 07:42 AM

Portillo’s, the fast-casual restaurant concept known for its menu of Chicago-style favorites, successfully refinanced its existing credit facility with a new 5-year $300 million Term A Loan, resulting in a significant reduction in interest expense.... Read Story
February 07, 2023, 07:35 AM

Gordon Brothers and TAGeX Brands, one of the nation’s largest liquidation resources for restaurants, food service operators, supermarkets and convenience stores, have formed a strategic alliance to provide comprehensive real estate and equipment... Read Story
October 07, 2022, 08:00 AM

Comvest Credit Partners acted as Administrative Agent in providing a senior secured credit facility to Another Broken Egg, an Orlando, FL-based restaurant operator and franchisor of full-service daytime-only cafes. The Financing was used to support a... Read Story
March 14, 2022, 07:02 AM

Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’... Read Story
November 11, 2021, 07:03 AM

Wells Fargo announced the organizational structure for its Restaurant Finance banking team, a group that supports one of the industries most impacted by the pandemic. “Restaurant owners have faced unimaginable challenges over the past 18 months. We... Read Story
November 08, 2021, 08:09 AM

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to CLC Northwest, Inc., and affiliates, a Taco Bell and KFC franchisee with 43 restaurants in Washington, Idaho and Montana. CLC Northwest sold its 18... Read Story
October 14, 2021, 07:35 AM

According to an SEC filing, on October 6, 2021, FWR Holding Corporation, a Delaware corporation (“FWR”), an indirect subsidiary of First Watch Restaurant Group, Inc., a Delaware corporation (the “Company”), entered into a credit agreement, dated as... Read Story
October 07, 2021, 07:50 AM

CWB Franchise Finance provided a loan facility to Dream Hospitality Group Inc. to acquire all outstanding shares in Houston Avenue Bar & Grill and Industria Pizzeria + Bar from MTY Food Group. With the principal's combined 36 years of experience in... Read Story
October 06, 2021, 06:00 AM

Papa John’s International successfully completed its previously announced senior notes offering and the refinancing of its revolving credit facility, providing the Company with enhanced financial flexibility and additional liquidity. The transaction... Read Story
September 16, 2021, 08:03 AM

Denny’s Corporation refinanced its amended and restated $350 million revolving credit facility to a new five-year $400 million revolving credit facility.Borrowings under the new credit facility will bear a tiered interest rate, which is based on the... Read Story
August 27, 2021, 08:03 AM

Meritage Hospitality Group announced that the Company and certain of its subsidiaries have in advisory with Auspex Capital, closed on a new $302.8 million senior secured credit facility syndication led by City National Bank.The new senior credit... Read Story
August 09, 2021, 07:44 AM

Golub Capital acted as the Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a GOLD facility to finance Thompson Street Capital Partners' ("TSCP") acquisition of Freddy's Frozen Custard & Steakburgers ("Freddy's"). GOLD financings are... Read Story
March 08, 2021, 08:00 AM

With restaurant dining areas shuttered throughout most of the country, consumers had no choice but to allocate their food spending elsewhere in recent weeks. While takeout and delivery options offered many restaurants a bit of a lifeline, it by no... Read Story
May 19, 2020, 09:30 AM

Urban Plates, a California-based, upscale fast casual restaurant brand, announced today that it has closed a $38 million growth and working capital facility with Goldman Sachs Specialty Lending Group. The company will use the proceeds to expand the... Read Story
September 26, 2018, 07:44 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

RM Holdco LLC and its subsidiaries, the operator of Chevys Fresh Mex, El Torito, and other full-service Mexican restaurant brands, announced that it has executed an Asset Purchase Agreement with an affiliate of Z Capital Group, LLC.  In order to... Read Story
August 06, 2018, 07:08 AM

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

Bertucci's, the casual restaurant known for its authentic Italian foods and signature brick oven pizzas, announced that it filed voluntary petitions for relief under Chapter 11 over the weekend in the United States Bankruptcy Court for the District... Read Story
April 16, 2018, 07:31 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

CIT Group announced three key additions to the Restaurant Franchise Finance team within its Equipment Finance business to support growth in this part of the industry. "With these appointments, we are continuing to build our Franchise Finance team to... Read Story
February 01, 2018, 07:30 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 Restaurant Corp, parent company of Souplantation and Sweet Tomatoes restaurant chains, announced the appointment of restaurant turnaround veteran John W. Haywood  as chief executive officer.  Last month the company announced that... Read Story
September 08, 2017, 07:17 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

CIT Group announced the launch of a mid-cap restaurant franchise finance practice to complement its successful large and small restaurant franchise financing businesses.“CIT franchise finance has long been recognized as a leading provider of... Read Story
June 16, 2016, 07:56 AM

Buffets, LLC, comprised of Ryan's®, Fire Mountain®, Country Buffet®, Old Country Buffet®, Tahoe Joe's Famous Steakhouse® and Hometown Buffet®, is set to file Chapter 11 bankruptcy so that it can restructure its debts and liabilities, strengthen its... Read Story
March 08, 2016, 08:09 AM

GE Capital’s Franchise Finance business has named three new sales representatives to deliver financing services to restaurant franchise operators nationwide.“We continue to fortify our commitment to the brands and operators we support,” said Trey... Read Story
August 13, 2015, 07:41 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

Two potential bankruptcies are a warning sign of financial distress among restaurant chains, according to Fitch Ratings. Fitch does not view them as portending a widespread increase in bankruptcies of U.S. restaurants but a reflection of difficulties... Read Story
March 10, 2014, 07:37 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

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

The U.S. restaurant industry is beginning to sizzle, according to the 23rd edition of the Chain Restaurant Industry Review, which was released today at the Restaurant Leadership Conference by GE Capital, Franchise Finance (GEFF). Merger and... Read Story
April 24, 2013, 07:49 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

GE Capital's Canadian Franchise Finance business provided Original Joe's Franchise Group Inc. (OJ's) with a C$15.3 million senior secured credit facility. OJ's will use it to continue its expansion of the Original Joe's and State & Main restaurant... Read Story
February 07, 2013, 07:16 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