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GE Capital, Franchise Finance Provides $10.5 Million to Wendy’s® Fast Food Franchisee, Legacy Restaurant Group, LLC - Funding allows for refinancing of existing debt (NYSE: GE)
GE Capital, Franchise Finance Provides $10.5 Million to Wendy’s® Fast Food Franchisee, Legacy Restaurant Group, LLC

 

PRZOOM - /newswire/ - Scottsdale, AZ, United States, 2010/12/07 - Funding allows for refinancing of existing debt (NYSE: GE). NYSE: GE

   
 
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GE Capital, Franchise Finance provided $10.5 million in financing to Wendy’s® fast food franchisee, Legacy Restaurant Group, LLC. The facility will be used to refinance existing debt. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.

"Our strong working relationship with Legacy Restaurant Group made a big difference in getting this financing done,” said Marques Bayne, vice president of GE Capital. “Our commitment to our customers enables us to help them take advantage of improved loan market conditions.”

Legacy Restaurant Group, based in Topeka, Kansas, owns and operates Wendy’s fast food restaurants throughout the state.

“We chose to continue working with GE Capital because of the trust and confidence we have in their ability and in their industry knowledge,” said Kirk Williams, owner of Legacy Restaurant Group.

Wendy's International is one of the world's leading restaurant operating and franchising companies with more than 6,600 restaurants worldwide. Of these restaurants, approximately 5,200 are operated by Wendy’s franchisees.

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 $14 billion in served assets, we serve more than 5,000 customers and more than 22,000 property locations. We provide financing for all your business needs. More information is available at gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (ge.com) is a diversified infrastructure, finance and media company that is taking on the world’s toughest challenges. GE operates in more than 100 countries and employs about 300,000 people worldwide.

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GE Capital, Franchise Finance Provides $10.5 Million to Wendy’s® Fast Food Franchisee, Legacy Restaurant Group, LLC

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Contact: Christine Roe - GE Capital Solutions 
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