Church’s Chicken has refinanced its debt with a new $245 million asset-backed securitization, the company said Monday. The Atlanta-based, 1,700-unit quick-service operation, which is owned by private-equity firm Friedman Fleischer & Lowe, said proceeds from the securitization were used to repay outstanding balances from existing credit facilities, and to pay related fees and expenses and a dividend to shareholders. The debt refinancing includes $220 million of senior secured ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com