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GE Capital lends $9.3M to Georgia operatorGE Capital lends $9.3M to Georgia operator

Taco Bell licensee to acquire four Burger King outlets

Ron Ruggless, Senior Editor

October 13, 2010

1 Min Read
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Ron Ruggless

GE Capital Franchise Finance said Tuesday it recently provided $9.3 million in financing to franchisee Georgia Texas Operating Co. to acquire four Burger King units in the Atlanta area.

Georgia Texas Operating Co., based in Newnan, Ga., also owns six Taco Bell units, also in the Atlanta market.

GE Capital said the financing allowed George Texas Operating to acquire the Burger King units as well as to refinance existing debts.

Mike Record, vice president of GE Capital Franchise Finance, based in Scottsdale, Ariz., said, “This is our fourth transaction over the past 10 years with Georgia Texas Operating Co., and we look forward to assisting them with their future growth plans.”

Funding was provided through GE Capital Franchise Finance's bank affiliate, GE Capital Financial Inc.

Contact Ron Ruggless at [email protected].

About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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