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Five Guys Eats $100M Debt Deal from GE Capital

GE Capital, through its GE Capital Financial Inc., has poured $100 million in debt financing into Five Guys Holdings Inc., the franchisor of Five Guys Burgers and Fries. The funding includes a $55 million term loan and a $45 million revolver, and will be used to finance expected growth. Five Guys was formed in 1986, and opened its first restaurant in Arlington, Va.

PRESS RELEASE
GE Capital, Franchise Finance provided a $100 million credit facility to Five Guys Holdings, Inc. franchisor of Five Guys Burgers and Fries. The facility includes a $55 million term loan and a $45 million revolver, and will be used to finance expected growth. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.

“GE Capital’s ability to grow with us, from a $14 million credit facility in 2008 to a $100 million credit facility in 2011, has been a critical part of our success,” said Peter Hanson, CFO, Five Guys Holdings, Inc. “In completing the refinancing of our existing credit facility and providing us with $55 million in new capital, GE has put us in a great position to deliver on our ongoing development plans.”

“Five Guys is a remarkable growth story,” said Scott Tocci, senior vice president, GE Capital, Franchise Finance. “We are proud to be a part of that story, leading four financing rounds for them since 2008.”

Five Guys Burgers and Fries, a fast casual hamburger chain, opened their first restaurant in 1986 in Arlington, Virginia. Over the last three years, Five Guys has opened more than 375 restaurants, and today has more than 640 franchised locations and more than 100 corporate-owned locations across the U.S. and Canada.

About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $12 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).