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GE Capital Solutions completes $40 million deal
March 17, 2008
SCOTTSDALE, Ariz. — GE Capital Solutions, Franchise Finance, has completed a deal with Back Bay Restaurant Group totaling $40 million. The finance agreement will continue their relationship with a $25 million term loan to refinance existing debt and a $15 million revolver to fund new construction and renovation.
The loan will help Back Bay Restaurant Group grow its seven dining concepts: Abe & Louie's, Atlantic Fish, Bouchee, Charley's, Coach Grill, Joe's and Papa-Razzi, with 33 restaurants on the East Coast.
GE Capital Solutions, Franchise Finance, is a leading lender serving customers in the restaurant, hospitality and branded beverage industries. It offers access to capital through flexible financing options, including funds for purchasing real estate or equipment, new construction or remodels, acquisitions or refinancing.
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