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Boudin Bakery receives $18M to refinance

July 12, 2013

Boudin Bakery of San Francisco recently received an $18-million term loan to refinance its existing credit facilities, according to a company press release. The loan came from Bridge Capital Holdings, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley.

"Boudin Bakery is a San Francisco icon recognized across the world," said Martin Kriegler, senior vice president and group manager of Bridge Bank's Corporate Banking team in San Francisco. "We are excited to be a part of Boudin Bakery's future growth strategy as they continue to build on 164 years of success."

"The bank was impressed with Boudin's management team, and its high level of professionalism and expertise," said Gloria Ferguson, senior vice president in Bridge Bank's Corporate Banking Division. "We are privileged to be a partner to them.”

Mark Briggs, board director at Boudin Bakery, said he’s pleased with the loan.

"Our business is one that is very dynamic and fast-paced, and we found that Bridge Bank had the ability to understand our business and growth strategy and craft a credit solution that met our objectives," he said.

Boudin Bakery, San Francisco's oldest continuously operating business, was founded in San Francisco in the early days of the gold rush in 1849. The company has grown into a multi-faceted business with a rapidly expanding fast casual restaurant concept called Boudin SF as well as its flagship location and Bistro at Fisherman's Wharf.

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