Papa John's franchisee receives $6.7M credit facility

 
June 28, 2012

GE Capital, Franchise Finance recently provided a $6.7 million credit facility to Pizzerias LLC, a Papa John's franchisee that operates 31 locations in the Miami market. The funding is being used to refinance existing debt.

A portion of the funding was provided through GE Capital's bank affiliate, GE Capital Bank.

"GE Capital presented the idea of a recapitalization and we were very pleased with the overall deal structure and with the quick closing process," said Ricky Warman, president, Pizzerias, LLC.

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Topics: Financial Management , Financing and capital improvements , Franchising & Growth , Operations Management , Papa John's


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