GE Capital Lends $51 Million to Giordano’s Pizza Restaurants
April 01 2015 - 9:00AM
Business Wire
GE Capital’s Franchise Finance (GEFF) business announced today
that it has provided a $51 million credit facility to Giordano’s, a
portfolio company of Victory Park Capital. GE Capital Markets
served as administrative agent and joint lead arranger.
Founded in 1974 and calling itself the “originator of deep dish
Chicago style stuffed pizza,” Giordano’s operates 16 units and
franchises 31 units in the Midwest and Florida. The funds will be
used to refinance existing debt and fund the development of new
stores.
“We chose to work with GE Capital due to its expertise in the
restaurant space, and its relationships within the industry. In
short, we’re confident they can help us grow,” said Yorgo
Koutsogiorgas, CEO of Giordano’s.
“We have a rich heritage of supporting the mid-market and
advancing American businesses,” said Bill Kraus, a senior managing
director with GEFF. “We’re pleased to support Giordano’s growth, a
strong concept with a long history of successful operations and
brand heritage.”
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 for 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 operators realize their
individualized growth plans. Customers also receive access to GE
Capital, Franchise Finance’s 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
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GE Capital, AmericasLisa Tibbitts,
203-956-4582lisa.tibbitts@ge.com
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