GE Capital, Franchise Finance provided a $28.9 million credit facility to Rottinghaus Company Inc., operators of Subway franchises in the Midwest. The facility includes a $24.5 million term loan and a $4.4 million revolving line of credit.
"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, chief financial officer, Rottinghaus Company Inc.
Rottinghaus Company Inc. is based in La Crosse, Wisc. and owns and operates 359 Subway units throughout the Midwest.
Paul Cantieri, senior vice president, GE Capital, Franchise Finance, said the transaction will help Rottinghaus improve cash flow and provide capital for growth. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
