Operator Acquires 26 Southeast Denny's Units
GE Capital’s Franchise Finance business announced 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.; fourteen 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, Caliornia.
“When the opportunity to acquire these units came up, it was a natural decision to reach out to GE Capital,” says 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,” says 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.