Restaurants Brands International, the parent company of Burger King and Tim Hortons, will acquire Popeyes Louisiana Kitchens for $79 per share in cash, or $1.8 billion. JPMorgan and Wells Fargo have committed to provide financing for the purchase.
On February 15, Popeyes Louisiana Kitchen amended its credit agreement with Wells Fargo as administrative agent, providing a $150 million revolver expansion. On February 21, Restaurant Brands International, the parent company of Burger King, purchased Popeyes for $1.8 billion.
Danielle Prentis, an experienced portfolio manager, was named senior business development officer for KeyBank Business Capital.
Monroe Credit Advisors placed $13.25 million in senior credit facilities to support LongWater Opportunities’ acquisition and subsequent merger of two domestic sock manufacturers.
Bibby Financial Services Canada made two new executive appointments with Calum Williamson promoted to president and James Poston now serving as executive vice president of Business Development.
The Middle Market Growth Program, a joint venture between Antares and LStar Capital, closed a senior secured unitranche credit facility to support the acquisition of Evans Network of Companies by Calera Capital.
Resolute Energy closed a new bank facility with $150 million as the initial borrowing base. The Bank of Montreal served as administrative agent for the transaction.
Gemino Healthcare Finance recently funded an $8 million senior secured credit facility to Park Irmat Drug and Gideon’s Drugs.
Private equity firm GTCR added Jim Bonetti as managing director and head of the Capital Markets group.
Koppers entered into a new $400 million revolving credit agreement with a $100 million accordion feature. PNC Bank was administrative agent.
Feb 24, 2017: NJTMA Networking Breakfast - Morristown
Feb 28, 2017: NJTMA Networking Event @ Seton Hall vs. Georgetown
Mar 1, 2017: VALCON 2017
Mar 7, 2017: NYIC/IFA/IFA Northeast Joint Factoring Event
Mar 16, 2017: TMA Lenders Panel