GE Capital, Franchise Finance Provides $45 Million Credit Facility to Raising Cane’s

| August 21, 2012 | 0 Comments

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–

GE Capital, Franchise Finance recently provided a $45 million senior
secured credit facility to Raising Cane’s Chicken Fingers®, a Baton
Rouge, La.-based restaurant chain. The facility refinances the company’s
existing term loan and provides a revolving line of credit. A portion of
the funding was provided through GE Capital bank affiliate, GE Capital
Bank.

“We’ve been working with GE since 2003,” says Brad Sanders, chief
business officer, fry cook, and cashier, Raising Cane’s. “Because of our
relationship, they were able to create a more flexible deal structure
which really set them apart.”

Todd Graves, the founder of Raising Cane’s, having received a C on the
business plan in college, worked several jobs to save enough money to
open the first restaurant in 1996 near the LSU campus

“Raising Cane’s has a great track record of success,” says Ryan Ruud,
vice president, GE Capital, Franchise Finance. “We’re pleased to have
supported the company during a nine year relationship, and are excited
to put a new facility in place to support their next phase of growth.”

Raising Cane’s was founded in 1996 and serves fresh, never frozen,
chicken finger meals, including Texas toast, crinkle-cut fries, cole
slaw, and Cane’s sauce, through 131 restaurants in 16 states.

About GE Capital, Franchise Finance

GE Capital, Franchise Finance is a leading lender for the franchise
finance market via direct sales and portfolio acquisition. With more
than 30 years of experience and $10 billion in served assets, we serve
over 3,000 customers and over 18,000 property locations. We specialize
in financing mid-market operators with multiple stores in the restaurant
and hospitality industries. Our team of industry experts will work with
you to help develop your own growth plan with access to our proprietary
industry research and customized tools. More information is available at www.gefranchisefinance.com.

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