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Equipment Finance News GE Capital helps restaurant take bigger bite out the market Published: 23rd February 2015 Share GE Capital’s Franchise Finance business has arranged a $45 million senior secured credit facility to The Saxton Group, the largest franchisee of the fast casual regional restaurant chain McAlister’s Deli. GE Capital Markets served as sole lead arranger and sole bookrunner for the funding, which will be used to refinance existing debt, redeem outstanding privately-held shares and buy out minority shareholders; the remaining capital will be used for growth. The Dallas-based company, which was founded in 1982, has grown its McAlister’s business from one store in 1999 to 61 locations today spread across Texas, Oklahoma, Kansas and Missouri. In total, the McAlister’s system, which is approximately 85% franchised, is comprised of 338 restaurants in 24 states. “We plan to actively expand the McAlister’s Deli brand so it’s important to us to have a lender that understands the restaurant industry and has the ability to help us grow at a rapid pace so we can continue to provide value to our guests, our people and our shareholders,” said Kelly Saxton, CEO and chairman. “The Saxton Group’s focus on operational excellence and the customer has delivered strong financial performance up to this point,” said Bill Kraus, a senior managing director with GE Capital, Franchise Finance. ”We recognize the company’s dynamic growth potential and look forward to being a part of their success story going forward.” Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsTransport UK London Bus expands electric fleet NewsPACCAR reports strong Q3 revenues and profits Corporate Member NewsPropel Finance assists family-run business with green transition Equipment Finance