GE Capital, Franchise Finance Provides $28.9 Million to Rottinghaus Company, an Operator of Subway® Franchises
SCOTTSDALE, Ariz.--30 June 2011-- GE Capital, Franchise Finance provided a $28.9 million credit facility to Rottinghaus Company, Inc., operators of SUBWAY® franchises. The facility includes a $24.5 million term loan and a $4.4 million revolving line of credit. Funding was provided through GE Capitals bank affiliate, GE Capital Financial Inc.
GE Capital was quick and flexible in adapting to our deal structure, which strengthened our trust in their ability to fund this transaction and thereby our growth plans, said Donald Rottinghaus, CFO, Rottinghaus Company, Inc.
Rottinghaus Company, Inc. is based in La Crosse, Wisconsin and owns and operates 359 SUBWAY units throughout the Midwest.
Our industry expertise gave them confidence in our ability to close the transaction, said Paul Cantieri, senior vice president, GE Capital, Franchise Finance. This transaction will help Rottinghaus improve cash flow and provide capital for growth.
SUBWAY® is one of the fastest-growing franchises in the world with more than 34,500 restaurants in 98 countries. The SUBWAY franchise was also ranked the number one franchise in the submarine sandwich category in the 2011 Franchise 500 issue of Entrepreneur magazine.
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 $12 billion in served assets, we serve over 5,000 customers and over 22,000 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 growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).