NXT Capital Backs Goldco Deal

NXT Capital provided $27 million in debt financing to support PNC Riverarch Capital’s acquisition of Goldco, the firm announced. Goldco is a Burger King franchisee. PNC Riverarch Capital is a middle-market private equity shop.

NXT Capital today announced that it has provided a $27 million senior secured credit facility to fund PNC Riverarch Capital’s acquisition of Goldco, LLC.

NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.

Goldco is a leading Burger King franchisee. Located in the southeastern United States, Goldco operates 96 stores. For more information, see www.goldcoinc.com.

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. PNC Riverarch invests in well-positioned companies across a variety of industry sectors, including outsourced services, specialized manufacturing, and value-added distribution. Since 1982, PNC Riverarch and its predecessors have provided equity capital to more than 100 companies. For more information, see www.pncriverarch.com.

“We’re very pleased to close another transaction with NXT Capital,” said Michael Hand, Managing Director, PNC Riverarch. “NXT once again provided the flexibility and creativity we value and allowed us to quickly close the transaction on terms that address the company’s growth plans.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.