GE Capital’s Franchise Finance business announced today that it has
provided an $11 million term loan and $2 million development line of
credit to RJC, LLC, a restaurant operator, to support its recent
acquisition of 26 Denny’s restaurants.
The restaurants are located in the Southeastern U.S.; 14 are in North
Carolina, five in South Carolina, three in Alabama, and two each in
Tennessee and Georgia. Eight of the restaurants are at Pilot Flying J
truck stops. RJC is based in Pleasanton, CA.
“When the opportunity to acquire these units came up, it was a natural
decision to reach out to GE Capital,” said RJC operating partner Pravesh
Chopra. “I was confident they could help us close this transaction.”
“We’re pleased to be able to help RJC with this significant
acquisition,” said Trey Brown, GEFF’s sales leader, “and we’re ready to
help with their future expansion plans.”
This transaction was originated by Todd Cortell, managing director of
strategic accounts at GE Capital, Franchise Finance.
About GE Capital, Franchise Finance
With more than 30 years of experience and $6 billion in assets, GE
Capital, Franchise Finance is a leading lender to the U.S. franchise
finance market. It specializes in financing mid-market, multi-unit
operators in the restaurant and hospitality industries. Its team of
industry experts helps them realize their individualized growth plans.
GE Capital, Franchise Finance customers also receive access to its
proprietary industry research and cutting-edge digital tools. For more
information, visit www.gefranchisefinance.com
or follow company news via Twitter (http://twitter.com/GELendLease).
GE Capital offers customers around the globe an array of financial
products, services and insights to help them grow their businesses. For
more information, visit www.gecapital.com
or follow company news via Twitter (http://twitter.com/GECapital).
GE (NYSE:GE) imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com
Copyright Business Wire 2015