Daily News: May 28, 2014

GE Capital Provides $35.5MM Credit to Wendy’s Franchisee

GE Capital Franchise Finance announced it provided $35.5 million in senior debt to Valenti Mid-South Management, a major Wendy’s franchisee based in Tampa, FL. The funds will be used to refinance most of the company’s senior debt.

Valenti owns and operates 125 Wendy’s restaurants in Tennessee, Mississippi, Arkansas, Missouri and Pennsylvania, as well as 17 Chili’s in Mississippi and Alabama. The company employs more than 4,900 people.

“We understand the importance of working closely with each customer to meet their capital goals,” said John Sullivan, a senior vice president with GE Capital, Franchise Finance. “We’re committed to providing capital that enables restaurant operators to grow their franchises.”