Round Table Pizza Inc. has completed the refinancing of its senior debt. On Nov. 2, the company entered into a $35 million senior secured credit agreement with Summit Partners, a growth equity firm that makes equity and credit investments in growing companies across North America, Europe and Asia.

Under the new credit facility, Round Table obtained a term loan in the aggregate principal amount of $32.5 million, which matures in five years. It also received the option of obtaining additional growth capital of up to $2.5 million.

Concurrently, Round Table Pizza terminated its existing credit agreement with GE Capital and Prudential covering an outstanding principal amount of $28.8 million.

"This new credit facility provides us the capital we need to execute our strategic business plan," said Rob McCourt, Round Table CEO. "We were able to secure the new loan on competitive terms and creatively structure the credit facility to reduce our quarterly loan payments."

Read more about operations management.

Related Content

User Comments – Give us your opinion!
Products & Services

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

See the latest in restaurant POS

http://global.networldalliance.com/new/images/products/1926.png

1926/See-the-latest-in-restaurant-POS

Call Center Ordering

http://global.networldalliance.com/new/images/products/5939.png

5939/Call-Center-Ordering

HAND-PINCHED STYLE® Sausage and Beef Toppings

http://global.networldalliance.com/new/images/products/6785.png

6785/HAND-PINCHED-STYLE-Sausage-and-Beef-Toppings

Standard coffee

http://global.networldalliance.com/new/images/products/6963.png

6963/Standard-coffee

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Cured Meats

http://global.networldalliance.com/new/images/products/6791.png

6791/Cured-Meats

Operations Support

http://global.networldalliance.com/new/images/products/6409.png

6409/Operations-Support

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.