GE Capital, Franchise Finance Provides Imvescor with $37.1 Million Credit Facility for Refinancing

| September 8, 2012 | 0 Comments

MONTREAL , Sept. 7, 2012 /CNW Telbec/ – GE Capital, Canada’s Franchise
Finance business announced today that it has provided Imvescor
Restaurant Group Inc. (IRG) with a $37.1 million term loan. IRG will
use the funds to refinance all of its outstanding secured debt
facilities, including senior loans from GE Capital. The new debt
structure also provides IRG with additional flexibility to pay down its
outstanding subordinated debt.

Headquartered in Moncton, New Brunswick , IRG owns franchised and
corporate restaurants throughout Canada under four brands: Pizza
Delight®, operating primarily in Atlantic Canada in the
family/mid-scale segment; Mikes® and Scores®, operating primarily in
Quebec in the family and casual dining segments and the take-out and
delivery segments; and Bâton Rouge®, operating in Quebec , Ontario and
Nova Scotia in the casual dining segment.

“Throughout our association with GE Capital, we’ve been impressed by
their understanding of and commitment to the restaurant industry,” said
Denis Richard , president and chief executive officer of IRG. “GE
Capital helps us create shareholder value by providing a solid
financial foundation that allows us to concentrate our energies on
executing our strategic initiatives.”

“We’ve financed more than $1.1 billion in restaurant transactions in
Canada over the last 10 years, through all the market cycles,” said
Edward Khediguian, senior vice president of GE Capital’s Franchise
Finance business in Canada . “We combine our industry knowledge,
expertise, and financial capabilities to provide customers with
customized and flexible credit facilities that help them concentrate on
growing their businesses.”

About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender to the franchise
finance market, serving the restaurant and hospitality industries. We
specialize in financing regional and national restaurant businesses of
all sizes across the country. Over the past 10 years, we’ve financed
more than 700 restaurant customers with upwards of 1,500 property
locations, lending more than $1.1 billion to the Canadian restaurant
space. In the Canadian hotel market, we provide financing for
nationally known brands in the limited and select-service segments of
the industry.

With more than 20 offices throughout Canada , GE Capital (gecapital.ca) offers a wide variety of financial products and services to address
commercial financing and fleet management needs in all phases of a
business’ lifecycle. From equipment finance to working capital and
growth financing to large asset-based and restructuring loans, we apply
our wealth of industry expertise and develop custom solutions for your
company. Some of the industry sectors we specialize in include
transportation, construction, healthcare, agriculture, forestry,
manufacturing, oil and gas, wholesale and retail, and restaurant and
hotel franchise.

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit gecapital.com or follow company news via Twitter @GECapital).

GE (GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building,
powering, moving and curing the world. Not just imagining. Doing. GE
works. For more information, visit the company’s website at www.ge.com.

SOURCE: GE CAPITAL CANADA

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