Daily News: October 9, 2012

GE Capital Provides $16.1MM to Wendy’s Franchisee

GE Capital, Franchise Finance said it provided $16.1 million to WendPartners, a Wendy’s franchisee. The facility is being used for the sale-leaseback of nine locations in Texas, New Mexico, Ohio, Georgia and Alabama.

“Through these sale-leasebacks, GE Capital helped us free up capital to reinvest in our business,” said Lewis Topper, principal, WendPartners. “They also helped us return some capital to our investors and position the company for long-term success.”

WendPartners is a Wendy’s franchisee with 331 locations in 20 states.

“Our ability to execute a multi-property sale-leaseback made this a very compelling proposal for WendPartners,” said John Sullivan, senior vice president, GE Capital, Franchise Finance.