|
|
Article: GE Capital, Franchise Finance Doubles Credit Facility to Five Guys Restaurant Chain.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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 ...
Related newspaper, magazine, and journal articles:
|