GE Launches Garden Fresh Deal

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

  • 23 Nov 2005
Email a colleague
Request a PDF

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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%