SCOTTSDALE, Ariz.--(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 brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com