Del Taco Holdings Inc. announced the completion of a debt refinance transaction worth $215 million.

The transaction, led by GE Capital, Franchise Finance, features new senior credit facilities, which include a $175 million term loan and a $40 million revolving line of credit. Net proceeds were used to refinance the company's existing senior credit facility and for a partial redemption of its senior subordinated debt.

"This transaction results in a significantly lower effective interest rate that enhances our capital structure, allowing for increased flexibility as we continue to invest in the business through growth in new and existing markets," said Steven Brake, executive vice president and chief financial officer for Del Taco Holdings Inc.

In 2012, Del Taco had systemwide sales of $608 million and currently operates 298 company-owned units with 253 franchised locations in 17 states.

Read more about operations management.

Related Content

User Comments – Give us your opinion!
Products & Services

LG 39LN549E

http://global.networldalliance.com/new/images/products/6451.png

6451/LG-39LN549E

PeopleMatter LEARN™

http://global.networldalliance.com/new/images/products/4627.png

4627/PeopleMatter-LEARN

Commercial Grade quality for single or multi unit deployments

http://global.networldalliance.com/new/images/products/E_Family_150px.jpg

3956/Commercial-Grade-quality-for-single-or-multi-unit-deployments

Smart Safe

http://global.networldalliance.com/new/images/products/4147.png

4147/Smart-Safe

ATM Remote Monitoring

http://global.networldalliance.com/new/images/products/ATMsoftare_100_0708.gif

539/ATM-Remote-Monitoring

LG 42WS50BS-B

http://global.networldalliance.com/new/images/products/6443.png

6443/LG-42WS50BS-B

LG 72WS70MS-B

http://global.networldalliance.com/new/images/products/6421.png

6421/LG-72WS70MS-B

ClassicCombi

http://global.networldalliance.com/new/images/products/6287.png

6287/ClassicCombi

Macromatix

http://global.networldalliance.com/new/images/products/6545.png

6545/Macromatix

Manager’s Red Book

http://global.networldalliance.com/new/images/products/6551.png

6551/Manager-s-Red-Book

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.