NEW YORK, March 5, 2021 /PRNewswire/ — Golub Capital acted because the Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a GOLD facility to finance Thompson Avenue Capital Companions’ (“TSCP”) acquisition of Freddy’s Frozen Custard & Steakburgers (“Freddy’s”). GOLD financings are Golub Capital One-Mortgage Debt services.
Freddy’s, a fast-casual restaurant idea, is thought for its All-American menu of cooked-to-order steakburgers, sizzling canines, shoestring fries and frozen custard. Freddy’s was based in Wichita, KS and at the moment has greater than 360 franchised and company-owned eating places throughout 32 states.
“We’re excited to associate with TSCP on the Freddy’s transaction, which is in a sector we all know properly,” mentioned Greg Cashman, Head of Direct Lending at Golub Capital. “Freddy’s has a powerful franchise enterprise and model which, coupled with TSCP’s observe document for fulfillment, make for a really compelling mixture.”
“Golub Capital’s experience in fast-casual eating places made them a really perfect financing associate for this transaction,” mentioned Liz Borow, Managing Director at TSCP. “The GOLD financing offers us the scalability and suppleness to facilitate the continued progress of Freddy’s.”
About Thompson Avenue Capital Companions
Thompson Avenue Capital Companions is a St. Louis-based non-public fairness agency centered on investing in founder-led center market companies. TSCP has acquired greater than 150 firms within the Healthcare & Life Science Companies, Software program & Expertise Companies and Enterprise Companies & Engineered Merchandise sectors and has managed greater than $2.6 billion since being based in 2000. TSCP companions with administration groups to extend worth by accelerating progress, each organically and through complementary acquisitions.
About Golub Capital Center Market Lending
Golub Capital is a market-leading, award-winning direct lender and credit score asset supervisor, with over $35 billion of capital underneath administration. Golub Capital’s Center Market Lending group gives buy-and-hold financing for sponsor-backed transactions with maintain positions of as much as $700 million and arranges syndicated credit score services as much as $2 billion. The crew makes a speciality of delivering dependable, artistic and compelling financing options to center market firms.
Throughout its actions, Golub Capital nurtures long-term, win-win partnerships that encourage repeat enterprise from its non-public fairness sponsor purchasers and traders. Based over 25 years in the past, Golub Capital at the moment has over 500 staff and lending workplaces in Chicago, New York, San Francisco and London. For extra data, please go to golubcapital.com.
SOURCE Golub Capital