SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital’s Franchise Finance (GEFF) business announced today that it has provided financing to Z&H Foods, LLC to develop more than 20 Popeyes units and to refinance debt. GE Capital Markets served as administrative agent on the transaction.
Based in Sugarland, TX, Z&H operates more than 90 Popeyes units in multiple markets in Texas and, more recently, in Phoenix, Denver and Salt Lake City.
“We’re impressed with GE Capital’s ability to provide a customized financing solution that will help meet our growth needs,” said Amin Dhanani, one of the owners of Z&H. “The cash flow financing is important and having the ability to draw on a line of credit as we develop new units is crucial.”
Popeyes Louisiana Kitchen, Inc. [Nasdaq:PLKI] is a developer, operator and franchisor of quick-service restaurants. With over 2,000 company-operated and franchised restaurants, it’s the world's second-largest quick-service chicken concept based on the number of units.
“As Popeyes continues to bring its unique New Orleans style menu to new markets and expand its reach, we’re glad to support its franchisees with the financing they need,” said Trey Brown, the leader of GEFF’s restaurant sales.
The transaction was originated by Marques Bayne, a vice president at GEFF who handles restaurant transactions in the West region.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the U.S. franchise finance market via direct sales and portfolio acquisitions. With more than 30 years of experience and over $6 billion in served assets, it provides financing to more than 2,000 customers and 14,000 properties. The business specializes in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Its team of industry experts helps them realize their individualized growth plans. GE Capital, Franchise Finance customers also receive access to its proprietary industry research and cutting-edge digital tools. For more information, visit http://www.gefranchisefinance.com or follow company news via Twitter (https://twitter.com/GELendLease).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (https://twitter.com/GECapital).
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