News

Specialty's Café & Bakery gains $37.5M credit facility

The financing from GE Capital will help the 50-unit chain refinance debt and grow.

November 14, 2014

GE Capital's Franchise Finance business announced today that it has led a $37.5 million senior credit facility for Specialty's Café & Bakery Inc. to refinance existing debt and provide funds for additional growth.

Specialty's operates 50 restaurants in California, Washington and Illinois.

"GE Capital is an ideal lender as they understand the value we provide to customers and the commitment to quality that our brand embodies," said Randall Niemeyer, chief financial officer of Specialty's, in a company press release. "GE Capital was able to structure a deal that met our needs for flexibility and future growth."