GE Capital, Franchise Finance Doubles Credit Facility to Five Guys Restaurant Chain
|
| Posted
:
Thu, 05 Nov 2009 13:06:06 GMT |
| Author
:
GE Capital, Franchise Finance
|
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
SCOTTSDALE, Ariz. - (Business Wire) GE Capital, Franchise Finance recently closed a $30MM loan to Five Guys Holdings, Inc., franchisor of Five Guys Burgers and Fries, doubling the size of the credit facility. The new facility is made up of a $5.25MM revolving line of credit and a $24.75MM term loan. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial, Inc. “We chose to continue to work with GE Capital because they are in the best position to meet our future growth needs,” says Peter Hanson, CFO of Five Guys. “Their longstanding experience in our industry helps us see the opportunity for a strong relationship in the future.” Five Guys is a rapidly growing fast casual restaurant chain that started in 1986, in Arlington, Va. With approximately 500 units in 36 states throughout the U.S., the chain sells mainly hamburgers, hot dogs and french fries. “It’s a great opportunity to work with a restaurant franchise such as Five Guys,” says Scott Tocci, vice president of GE Capital, Franchise Finance. “With their unique and creative business model, we’re thrilled to be aligned with their growth.” This is a continued relationship between GE Capital and Five Guys. “We’re excited Five Guys chose GE Capital as their preferred lender,” says Darren Kowalske, president of GE Capital, Franchise Finance. “It is our business to help companies grow and succeed. We look forward to continue working with them.” About GE Capital, Franchise Finance GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With over 30 years of experience and $15 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We provide financing for all your business needs. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333). GE Capital offers consumers and businesses around the globe an array of financial products and services. Visit www.gecapital.com. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Visit the company's Web site at www.ge.com.
Arment Dietrich, Inc.
Molli Megasko
(312) 787-7249
mmegasko@armentdietrich.com
or
GE Capital, Franchise Finance
Christine Roe
(480) 563-6260
christine.roe@ge.com
|
Copyright © 2008
Business Wire. All rights reserved.
|
|
|
|
|
Related
News
Fitch Rates Richmond, Virginia's $113MM GOs 'AA'; Outlook Stable
NEW YORK -
Fitch Ratings assigns an 'AA' rating to the City of Richmond, Virginia's
$112.82 million general obligation (GO) bonds, consisting of:
--$79.01 million GO public improvement bonds, series 2009A;
--$33.81 million GO public improvement refunding bonds
Johnson Service Group Acquires TechSource
ATLANTA, GA -- 11/23/09 --
Johnson Service Group, Inc. ("JSG"), a leading
nationwide provider of contract engineering, technical and professional
personnel, today announced the acquisition of the business and operations
of TechSource, Inc. based in..
Sendmail and Axway Announce Out-of-Court Settlement of Patent Infringement Disputes
Sendmail, Inc. and Axway have agreed to an out-of-court settlement of their disputes relating to U.S. patents/I/P
PEmeryville, Calif. and Scottsdale, Ariz. (PRWEB) November 23, 2009 -- Sendmail, Inc. and Axway announced today that they have agreed to an out-of-court settlement of their ...
Cogent Communications CEO to Present at J.P. Morgan's SMid Cap Conference
WASHINGTON, Nov. 23 -- Cogent Communications Group, Inc. (Nasdaq: CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's chief executive officer, will present at J.P. Morgan's SMid Cap Conference at 3:45 p....
New DOT Fuel Efficiency Study Cites Double-Stack Rail Benefits
WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- In a newly released report, the Federal Railroad Administration (FRA) finds that double stack freight rail transportation is up to five times more efficient than motor carrier transportation. The FRA's "Comparative Evaluation of Rail ...
Save Big in Barbados With US Airways Vacations Extension
PHILADELPHIA, Nov. 23 /PRNewswire/ -- Vacationers looking for tropical weather and beautiful beaches this winter can enjoy a non-stop hop from Philadelphia to Barbados and save BIGGER with an extended US Airways Vacations package deal. Bookable now until Dec. 12, Barbados vacation ...
Fitch: U.S. CMBS Specially Serviced Loans Up Another 7.4%
NEW YORK -
On the heels of another rise in U.S. CMBS delinquencies, Fitch rated
loans in special servicing rose an additional 7.4%, according to Fitch
Ratings in the latest edition of 'What's in Special Servicing'.
Following a 54 basis point (bp) increase in Fitch's U.S. CMBS
|
|
|
|
|
|
|
|
|
