GE Launches Garden Fresh Deal

GE Capital is in the market with a $175 million deal for Garden Fresh Restaurant Corp.

  • 23 Nov 2005
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GE Capital is in the market with a $175 million deal for Garden Fresh Restaurant Corp. The deal comprises a $25 million revolver, a $113 million first-lien term loan and a $37 million second lien. Pricing is LIBOR plus 2 3/4% on the first lien and LIBOR plus 7% on the second lien.

The company operates more than 90 Souplantation and Sweet Tomatoes restaurants. Sun Capital Partners just bought Garden Fresh from a partnership made up of Centre Partners Management, Fairmont Capital and Northwestern Mutual Life Insurance Co. The Garden Fresh executive team has retained a small ownership. Piper Jaffray & Co. acted as financial advisor to Garden Fresh for the transaction. David Qualls, Garden Fresh's cfo and secretary, could not be reached. Calls to a GE banker were not returned. A spokesman for Sun Capital declined comment, citing the firm is in a quiet period.

  • 23 Nov 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%