Bob Evans Farms completed its previously announced sale of Bob Evans Restaurants to Golden Gate Capital for $565 million and its acquisition of Pineland Farms Potato Company.

To support the transaction, Bank of America Merrill Lynch, JPMorgan Chase Bank and PNC Bank served as joint lead arrangers and joint bookrunners for a new $300 million credit facility. Bank of America served as administrative agent for the facility, which has a maturity date of April 28, 2022.

According to a related 8-K filing, J.P. Morgan Securities served as financial advisor to the company on the sale of Bob Evans Restaurants. UBS Investment Bank served as financial advisor to Golden Gate Capital.

Going forward, Bob Events will focus exclusively on its BEF Foods business, which produces refrigerated dinner side dishes and sausage products in its core Midwest markets.