GE Capital, Franchise Finance has provided a $30 million credit facility to Shelton Restaurant Group LLC, a Popeyes Louisiana Kitchen franchisee, to help with the acquisition of 29 additional units in the Lafayette, La., area.
The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
"We chose to work with GE Capital because of their industry knowledge and ability to execute on large transactions," said Mike Shelton, president, Shelton Restaurant Group LLC. "We are excited about this acquisition and GE Capital helped make it possible."
The acquisition will boost Alexandria, La.-based Shelton Restaurant Group's Popeyes portfolio to 30 restaurants throughout Louisiana and Texas.
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