Subway Franchisee Receives $29M
SCOTTSDALE, Ariz.-- GE Capital, Franchise Finance has provided a $28.9 million credit facility to franchisee Rottinghaus Company Inc. The facility includes a $24.5 million term loan and a $4.4 million revolving line of credit. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
"GE Capital was quick and flexible in adapting to our deal structure, which strengthened our trust in their ability to fund this transaction and thereby our growth plans," said Donald Rottinghaus, CFO of Rottinghaus Company, Inc.
Rottinghaus Company, Inc. is based in La Crosse, Wisconsin and owns and operates 359 Subway units throughout the Midwest.
"Our industry expertise gave them confidence in our ability to close the transaction," said Paul Cantieri, senior vice president, GE Capital, Franchise Finance. "This transaction will help Rottinghaus improve cash flow and provide capital for growth."
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