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.
Read more about franchising.