Atlantic Street Capital refinanced Fast Sandwich with a first lien term loan and a revolving credit facility. Capital Southwest acted as sole administrative agent on the credit facility.
“We are pleased to have the opportunity to partner with Atlantic Street Capital, a sponsor with a stellar track record and reputation,” said Josh Weinstein, managing director of Capital Southwest. “We are excited to support one of the largest franchisees of Jimmy John’s Gourmet Sandwiches and we look forward to building a long-term relationship with Atlantic Street Capital.”
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $4 million and $15 million in EBITDA.
Headquartered in Rosemont, IL, Fast Sandwich operates 33 Jimmy John’s franchise sandwich shops in the greater Chicago and Orlando areas.
Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $25 million investments across the capital structure, including first lien, unitranche, second lien, subordinated debt and non-control equity co-investments.
